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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 10
Using supply and demand analysis, which of the following is true , the more elastic the demand curve?
A) The larger the portion of a sales tax that is passed on to the consumer.
B) The smaller the portion of a sales tax that is passed on to the consumer.
C) It does not make any difference how flat the demand curve is; the tax is always split evenly between buyer and seller.
D) The full tax is always passed on to the consumer no matter how flat the demand curve is.
A) The larger the portion of a sales tax that is passed on to the consumer.
B) The smaller the portion of a sales tax that is passed on to the consumer.
C) It does not make any difference how flat the demand curve is; the tax is always split evenly between buyer and seller.
D) The full tax is always passed on to the consumer no matter how flat the demand curve is.
Explanation
Verified
Verified
Thus the c...
Economics for Today 9th Edition by Irvin Tucker
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