Multiple Choice
The demand curve for blue marker pens horizontal so the demand is perfectly ________.A tax of 50 cents lowers the price received by the seller by 50 cents and the seller pays ________ the tax.
A) elastic; all
B) inelastic; all
C) inelastic; some of
D) inelastic; none of
E) elastic; none of
Correct Answer:
Verified
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A)
i.If demand
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