bandchick963 bandchick963
  • 08-03-2018
  • Business
contestada

Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the

Respuesta :

MrsTriplet MrsTriplet
  • 17-03-2018
If the sellers pay the majority of the tax, then the supply is more inelastic than demand. 

If something is inelastic it is not sensitive to changes in the price or income of someone. The sellers will always have more of the tax burden when supply is more inelastic than demand and vis versa when demand is more inelastic than supply. 
Answer Link

Otras preguntas

Randy had grades of 85, 92, 96, and 89 on his last four math tests. What grade does he need on his next test to have an average of 92?
how are greek and latin elements used to create words in english
Regular exercise can help to _______ depression. A. decrease B. diagnose C. cure D. increase
2. A vine called the mile-a-minute weed is known for growing at a very fast rate. It can grow up to 0.5 ft per day. How fast in inches per hour can the mile-a-m
What is 24.357 in unit form
Why was federalists an appropriate name for Alexander Hamilton’s political party?
renald completed only one trial of his experiment. What effect will this most likely have?
what is the least 10 digit whole number tell the truth
What does the word 'brave' mean in this paragraph? (Paragraph 8)
(a2 + 2a + 1)(a + 1)