Homework Answers
Answer
Option B
but depend on the elasticity of supply
The demand is perfectly elastic so the buyer will not demand the good if the price increases, so the buyer will pay the old price and producers, will pay full tax but if the supply also perfectly elastic then the producer will not accept less than the given price and buyer will not pay above that so there will be no trade.
Add Answer to:
If the demand for a good is perfectly elastic, then a tax on the good will...
Suppose the supply of a good is perfectly elastic while the demand is elastic. The burden...
Suppose the supply of a good is perfectly elastic while the demand is elastic. The burden of a tax on the drug will A) be shared by the buyers and sellers. B) fall entirely on the sellers. C) fall entirely on the buyers D) fall on neither the buyers nor the sellers.
Who bears the tax burden if the demand curve is perfectly elastic? a. Sellers b. Buyers...
Who bears the tax burden if the demand curve is perfectly elastic? a. Sellers b. Buyers c. Government d. Both sellers and buyers
If a tax is imposed on a good where both supply and demand are somewhat elastic,...
If a tax is imposed on a good where both supply and demand are somewhat elastic, but demand is more elastic than supply, the burden of the tax will be borne a. by producers alone. b. by consumers and producers equally. c. by consumers alone. d. mostly by producers but partially by consumers. e. mostly by consumers but partially by producers.
A tax on a good (with a somewhat elastic supply) which has a perfectly elastic demand...
A tax on a good (with a somewhat elastic supply) which has a perfectly elastic demand Group of answer choices is completely shifted backward on the supplier is completely shifted forward on the consumer is divided in a not exactly predictable degree between consumer and producer is likely to be divided about half-and-half between producer and consumer
substitutes. DQuestion 46 2 pts If a tax is imposed on a good with equally elastic...
substitutes. DQuestion 46 2 pts If a tax is imposed on a good with equally elastic supply and demand, the burden of the tax will be borne O by producers alone. y by producers but partially by consumers O mostly by consumers but partially by producers. O by consumers alone. O by consumers and producers equally. D Question 47 2 pts When demand is perfectly elastic, the demand curve is
The economic burden of a tax is borne mostly by: buyers if demand is highly elastic....
The economic burden of a tax is borne mostly by: buyers if demand is highly elastic. O buyers if demand is highly ir plastic. buyers in all cases. sellers in all cases,
Chap.6 Please show that when imposing A Tax on Buyers: Perfectly inelastic demand: Buyers pay the...
Chap.6 Please show that when imposing A Tax on Buyers: Perfectly inelastic demand: Buyers pay the entire tax. Perfectly elastic demand: Sellers pay the entire tax. Perfectly inelastic supply: Sellers pay the entire tax. Perfectly elastic supply: Buyers pay the entire tax.
Assume that coal demand is elastic, while coal supply is highly inelastic. If a tax of...
Assume that coal demand is elastic, while coal supply is highly inelastic. If a tax of $5.00 per short ton is placed on coal buyers, we would expect that the burden of the tax would fall on Buyers and sellers equally. Buyers more than sellers Sellers more than buyers Not enough information to answer the question.
Price (dollars per case) The graph shows the supply curve of no-name soda. The government has imposed a sales tax of $2...
Price (dollars per case) The graph shows the supply curve of no-name soda. The government has imposed a sales tax of $2 per case on no-name soda. The sellers of no-name soda end up paying the entire tax. Draw and label the demand curve for no-name soda. The more the demand, O A. inelastic; the larger is the amount of the tax paid by sellers O B. elastic; the larger is the amount of the tax paid by sellers O...
The graph shows the supply curve of no-name soda. The government has imposed a sales tax...
The graph shows the supply curve of no-name soda. The government has imposed a sales tax of $2 per case on no-name soda. Price (dollars per case) The sellers of no-name soda end up paying the entire tax. @ O3 Draw and label the demand curve for no-name soda. The more the demand, O A. inelastic; the larger is the amount of the tax paid by sellers O B. elastic; the larger is the amount of the tax paid by...
substitutes. DQuestion 46 2 pts If a tax is imposed on a good with equally elastic supply and demand, the burden of the tax will be borne O by producers alone. y by producers but partially by consumers O mostly by consumers but partially by producers. O by consumers alone. O by consumers and producers equally. D Question 47 2 pts When demand is perfectly elastic, the demand curve is
The economic burden of a tax is borne mostly by: buyers if demand is highly elastic. O buyers if demand is highly ir plastic. buyers in all cases. sellers in all cases,
Price (dollars per case) The graph shows the supply curve of no-name soda. The government has imposed a sales tax of $2 per case on no-name soda. The sellers of no-name soda end up paying the entire tax. Draw and label the demand curve for no-name soda. The more the demand, O A. inelastic; the larger is the amount of the tax paid by sellers O B. elastic; the larger is the amount of the tax paid by sellers O...
The graph shows the supply curve of no-name soda. The government has imposed a sales tax of $2 per case on no-name soda. Price (dollars per case) The sellers of no-name soda end up paying the entire tax. @ O3 Draw and label the demand curve for no-name soda. The more the demand, O A. inelastic; the larger is the amount of the tax paid by sellers O B. elastic; the larger is the amount of the tax paid by...
Most questions answered within 3 hours.
-
Angel Corporation has $10,000,000 of
8.0% 25 year bonds dated May 1, 2018 with interest payable...
asked 17 minutes ago -
7.
________ involves individuals trading goods they already have or
providing services in exchange for something...
asked 21 minutes ago -
Share your research problem. What databases did you search as
you gathered evidence to support your...
asked 21 minutes ago -
what process occurs to form microspores and megaspores in flowering
plants?
asked 29 minutes ago -
C++
I need to use the function getData to put in all my data using
arrays....
asked 28 minutes ago -
A block is hung by a string from the inside roof of a van. When
the...
asked 35 minutes ago -
Do you think companies should not go for long term debt in their
capital structure to...
asked 44 minutes ago -
I create an address book where the user enters the name, phone
and email in the...
asked 50 minutes ago -
The production capacity for acrylonitrile
(C3H3N) in the United States exceeds 2
million pounds per year....
asked 57 minutes ago -
explain and comment out your answer
43. How many address lines are required to address a...
asked 1 hour ago -
A sample of 45 observations is selected from a normal
population. The sample mean is 49,...
asked 1 hour ago -
A construction company is planning to bid on a building
contract. The bid costs the company...
asked 1 hour ago