A demand curve that is perfectly inelastic is
A) horizontal.
B) parallel to the X-axis.
C) vertical.
D) at a 45 degree angle.
Correct Answer:
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Q4: A tax wedge causes
A)all prices to fall.
B)the
Q6: A subsidy on consumers will cause
A)a movement
Q7: A lump sum tax is one for
Q10: A tax on suppliers will cause
A)a movement
Q11: A monopoly has seller(s)in the market.
A)0
B)1
C)few
D)many
Q12: Unit taxes cause pivots, while ad valorem
Q13: Partial equilibrium is
A)the study of individual markets.
B)the
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Q28: Ad valorem taxes create tax wedges just
Q33: In a general equilibrium model,a tax on
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