9
answers
0
watching
801
views
25 Sep 2018
5. If the government decides to levy a small excise tax on the buyers la perfectly competitive market in which the demand is perfectly elastic and supply curve is positively sloped, then we can conclude that: (A) The buyers will bear all of the tax, and there will be some excess burden. (B) The sellers will bear all of the tax, and there will be some excess burden. TC) The tax burden will be shared. The buyers will bear more of the tax than sellers, and there will be some excess burden. (D) The tax burden will be shared. The sellers will bear more of the tax than buyers, and there will be some excess burden. (E) The buyers will bear all of the tax, and there will be no excess burden. (F) The sellers will bear all of the tax, and there will be no excess burden. (G) The tax burden will be shared. The buyers will bear more of the tax than sellers, and there will be no excess burden. (H) The tax burden will be shared. The sellers will bear more of the tax than buyers, and there will be no excess burden. (1) The buyers will bear all of the tax, and they will also bear the excess burden. (J) none of the above
5. If the government decides to levy a small excise tax on the buyers la perfectly competitive market in which the demand is perfectly elastic and supply curve is positively sloped, then we can conclude that: (A) The buyers will bear all of the tax, and there will be some excess burden. (B) The sellers will bear all of the tax, and there will be some excess burden. TC) The tax burden will be shared. The buyers will bear more of the tax than sellers, and there will be some excess burden. (D) The tax burden will be shared. The sellers will bear more of the tax than buyers, and there will be some excess burden. (E) The buyers will bear all of the tax, and there will be no excess burden. (F) The sellers will bear all of the tax, and there will be no excess burden. (G) The tax burden will be shared. The buyers will bear more of the tax than sellers, and there will be no excess burden. (H) The tax burden will be shared. The sellers will bear more of the tax than buyers, and there will be no excess burden. (1) The buyers will bear all of the tax, and they will also bear the excess burden. (J) none of the above
larryrambo777Lv10
19 Mar 2023
Already have an account? Log in
christopherc63Lv10
18 Nov 2022
Already have an account? Log in
Elin HesselLv2
26 Sep 2018
Already have an account? Log in