The amount of a tax paid by the buyers will be larger the
A) more elastic the demand and the more inelastic the supply.
B) more inelastic the demand and the more elastic the supply.
C) more inelastic are both the supply and demand.
D) more elastic are both the supply and demand.
B
Economics
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____________: Most probable selling price, assuming "normal" sale conditions. Value for the "typical" market participant may not be fundamental value.
Fill in the blank(s) with the appropriate word(s).
Economics
Hyperinflation occurs when
A) the inflation rate rises. B) the inflation rate declines. C) the inflation rate is extremely high. D) the inflation rate is extremely low.
Economics