If a tax is imposed in a market in which demand is perfectly inelastic
A) the buyers pay the entire tax.
B) the sellers pay the entire tax.
C) the buyers and the sellers both pay a portion of the tax.
D) neither the buyer nor the seller pays the tax.
A
Economics
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In the classical model, a decrease in immigration would
a. decrease labor supply, increase the real wage, and decrease output. b. increase labor supply and the real wage, and decrease output. c. increase labor demand and the real wage, and increase output. d. reduce real wages and reduce output.
Economics
Under the dual labor market theory, expansion of economic activity in the primary market will benefit workers in the secondary market
Indicate whether the statement is true or false
Economics