The percentage of the burden of an excise tax that is borne by sellers generally depends on the
a. size of the tax.
b. relationship between the elasticity of demand and the elasticity of supply.
c. elasticity of demand.
d. elasticity of supply.
b
You might also like to view...
Destabilizing speculation refers to
A) actions taken by the International Monetary Fund that increase lending to countries who have pegged their currencies against the dollar. B) any depreciation of a country's currency as a result of long-run adjustments to purchasing power parity. C) actions taken by investors who sell a country's currency in anticipation of buying it back later at a lower price. D) actions taken by currency traders to sell a currency that is undervalued.
Total cost is the
a. amount a firm receives for the sale of its output. b. fixed cost less variable cost. c. market value of the inputs a firm uses in production. d. quantity of output minus the quantity of inputs used to make a good.