On necessities, more of the incidence of tax is
a. borne by the producer.
b. borne by the consumer.
c. shared equally between the producer and the consumer.
d. None of the above is correct.
b
Economics
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As the price of good Z falls, the quantity demanded of good Z rises, but the quantity supplied of good Z does not change. Based upon this information we can conclude that the demand curve for good Z is ________________ and the supply curve for good Z is ________________
A) downward sloping; upward sloping B) upward sloping; downward sloping C) upward sloping; vertical D) downward sloping; vertical E) vertical; downward sloping
Economics
Explain the difference between poverty in the United States and poverty in the rest of the world.
What will be an ideal response?
Economics