When the demand for a product is more elastic than the supply
A) firms pay the majority of the tax on the product.
B) consumers pay the entire tax on the product.
C) consumers pay the majority of the tax on the product.
D) firms pay the entire tax on the product.
A
Economics
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In 2008, Cameron began his career with SBC. His starting salary was $32,000. By 2012, his salary increased to $35,000. If the CPI was 100.0 in 2008 and 107.5 in 2012, Cameron's 2012 real income is
A) $35,000. B) $32,558. C) $32,000. D) $37,625. E) $34,400.
Economics
The table above gives data for the nation of Mosh. If real GDP is $9 trillion, then unplanned inventory change equals
A) $9 trillion. B) $5 trillion. C) $5.5 trillion. D) 0. E) $1.25 trillion.
Economics