The gender wage gap in Japan is smaller than in the U.S.; in Scandinavia it is wider

A good has a downward-sloping demand curve and a perfectly elastic supply. Imposing a sales tax of $1 per unit on the sellers of the good

A) raises the price paid by demanders by more than $1.00. B) raises the price paid by demanders by $1.00. C) raises the price paid by demanders by less than $1.00. D) does not change the price paid by demanders.

If a 5 percent increase in the price results in a 9 percent increase in quantity supplied, the elasticity of supply is

A) 0.30. B) 0.55. C) 1.20. D) 1.80.