If the government levies a tax on a good for which the demand is more price elastic tha the sppfe dhe burden of the tax will O fall entirely on the sellers O fall entirely on the buyers O fall more on the buyers than on the sellers O fall more on the sellers than on the buyers depend on whether the good is a nomal good or an interior good Quat Pactor 2

If the government levies a tax on a good for which the demand is more price elastic tha the sppfe dhe burden of the tax will O fall entirely on the sellers O fall entirely on the buyers O fall more on the buyers than on the sellers O fall more on the sellers than on the buyers depend on whether the good is a nomal good or an interior good Quat Pactor 2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

Q19

If the government levies a tax on a good for which the demand is more price elastic than the suppfy dhe
burden of the tax will
O fall entirely on the sellers
O fall entirely on the buyers
O fall more on the buyers than on the sellers
O fall more on the sellers than on the buyers
O depend on whether the goodis a normal good or an inferior good
Quat ct
Puctor
Answer the question above by clickng on the curect respouse

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