The more elastic the demand curve, _____
a. the smaller the proportion of a tax paid by the suppliers
b. the smaller the proportion of a tax paid by the demanders
c. the more elastic the supply curve
d. the more the tax can be shifted to demanders
b
Economics
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If the price elasticity of supply for a good is 10, then supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Economics
Refer to the figure above. What is the optimal number of machines rented if the market rental price is $5 per month?
A) 20 machines B) 40 machines C) 80 machines D) 100 machines
Economics