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Loraine Loraine
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9 years ago
Neither the supply of nor demand for a good is perfectly elastic or perfectly inelastic. So, imposing a tax on the good results in ________ in the price received and kept by sellers and a ________ in the price paid by buyers.
A) a rise; rise
B) a rise; fall
C) a fall; rise
D) a fall; fall
E) no change; rise
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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Thank you, thank you, thank you!
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