Neither the supply of nor demand for a good is perfectly elastic or perfectly inelastic. So, imposing a tax on the good results in ________ in the price received and kept by sellers and a ________ in the price paid by buyers
A) a rise; rise
B) a rise; fall
C) a fall; rise
D) a fall; fall
E) no change; rise
C
Economics
You might also like to view...
Economists agree that the free movement of capital is desirable
Indicate whether the statement is true or false
Economics
Utopia would be a debtor nation
a. if consumers in other countries bought goods and services from Utopia b. only if it had a deficit in its current account c. only if it had a deficit in its balance of goods and services d. if it had a deficit in its balance of trade e. if it had a deficit after adding together the balances in both its current account and its capital account
Economics