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Loraine Loraine
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Posts: 4563
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9 years ago
The demand for apple pies is perfectly elastic. If the government taxes apple pies at $1 a pie, then
A) the seller pays the entire tax.
B) the buyer pays the entire tax.
C) the seller and the buyer split the tax evenly.
D) the seller and the buyer split the tax but the seller pays more.
E) who pays the tax depends on whether the government imposes the tax on pie buyers or on pie sellers.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 355 times
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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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#1
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9 years ago
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Loraine Author
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9 years ago
Thanks
GeorgeNeist
wrote...

Yesterday
Smart ... Thanks!
Shassta22
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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