11000 - Principles of Economics | S1 20/21Quiz navigationFor a given normal demand curve, the amount of a tax paid by the producer will be larger23Select one:ofO a. the more elastic the supply10111213agO b. the higher is the price1920O c. the more elastic the demandFinish attemptO d. if the tax is placed on the buyerTime left 0:04:49O e. if the tax is placed on the sellerpageNext page

If the demand is more elastic than the supply then the burden of tax will be more on the seller.

For a given normal demand curve, the amount of a tax paid by the producer will be larger Select one: O a. the more elastic the supply O b. the higher is the price O c. the more elastic the demand O d. if the tax is placed on the buyer O e. if the tax is placed on the seller

For a given normal demand curve, the amount of a tax paid by the producer will be larger Select one: O a. the more elastic the supply O b. the higher is the price O c. the more elastic the demand O d. if the tax is placed on the buyer O e. if the tax is placed on the seller

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 5CQQ: An increase in the supply of a good will decrease the total revenue producers receive if a. the...

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11000 - Principles of Economics | S1 20/21
Quiz navigation
For a given normal demand curve, the amount of a tax paid by the producer will be larger
2
3
Select one:
of
O a. the more elastic the supply
10
11
12
13
ag
O b. the higher is the price
19
20
O c. the more elastic the demand
Finish attempt
O d. if the tax is placed on the buyer
Time left 0:04:49
O e. if the tax is placed on the seller
page
Next page

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