The tax incidence on buyers is higher if ________
A) the buyers and sellers of a good are equally sensitive to price changes
B) the elasticity of the market demand curve is higher than the elasticity of the market supply curve
C) the elasticity of the market supply curve is higher than the elasticity of the market demand curve
D) the number of sellers in a market is larger than the number of buyers
C
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Which of the following actions by the Fed would lead to an increase in the money supply?
A) an increase in the differential between the discount rate and the federal funds rate B) an increase in the required reserve ratio C) an increase in tax rates D) the purchase of government securities
Which of the following would cause the demand for labor to change?
a. c and e. b. A change in the cost of living. c. Changes in the wage rate. d. Movements along the labor demand curve. e. A change in the price of the good produced.