A tax is imposed on orange juice. Consumers will bear no burden from this tax if the:
a. demand for orange juice is perfectly inelastic

The most direct way in which money eliminates the need for a double coincidence of wants is through its use as a

A) medium of exchange. B) standard of deferred payment. C) store of value. D) unit of account.

The Sherman Antitrust Act outlawed tying contracts

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