When a unit tax is placed on a supplier they are generally able to shift a portion of the burden to demanders by raising the prices paid by demanders

Each C + I + G + (X ? IM) expenditure schedule is drawn assuming a specific

a. income level. b. spending level. c. production level. d. price level.

If the demand for a good is elastic, a decrease in its price will result in additional revenue because the increase in quantity more than offsets the decrease in price

a. True b. False Indicate whether the statement is true or false