If Y and M are constant and V doubles, the quantity equation implies that the price level

The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The amount of the tax paid by the buyers would be greater than shown in the figure

A) only if the demand was more elastic. B) only if the demand was more inelastic. C) only if the supply was more elastic. D) if either the demand was more inelastic or the supply more elastic.

Real dollar amounts are essentially the same as nominal dollars.

A. True B. False C. Uncertain