A tax on a market with elastic demand and elastic supply will shrink the market more than a tax on a market with inelastic demand and inelastic supply will shrink the market
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the reserve ratio is 5 percent, then $600 of additional reserves can create up to
a. $30 of new money. b. $3,000 of new money. c. $12,000 of new money. d. None of the above is correct.
Economics
Reserve ratio is 10% bank receives new checkable deposit of $2000
What will be an ideal response?
Economics