The value of transactions in the underground economy is estimated to be about what percentage of GDP in the United States?

In the United States since 1960, the price of health care services has increased but the price of health insurance has decreased

Indicate whether the statement is true or false

Why do sellers pay all of a tax when supply is perfectly inelastic?

A) because a perfectly inelastic supply means that the demand is elastic B) because the government requires firms to collect the tax C) because a perfectly inelastic supply means that the quantity supplied is quite sensitive to a change in price D) because a perfectly inelastic supply means that suppliers will produce the same amount regardless of the price E) because in this case the price of the good that suppliers receive and keep does not change