The tax incidence on sellers is higher if ________
A) the buyers and sellers of a good are equally sensitive to price changes
B) the buyers are more sensitive to price changes than the sellers
C) the sellers are more sensitive to price changes than the buyers
D) the number of buyers in a market is larger than the number of sellers
B
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In 2008, the current account balance was -706 billion and the capital and financial account balance was +711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts was ________
A) negative; negative B) positive; positive C) not enough information to determine; most likely negative D) -5; zero E) +5; zero
Monopolistic competition is the only market structure that features many sellers
a. True b. False Indicate whether the statement is true or false