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If demand is unit elastic and the labor supply is ________, the payroll tax is borne mostly by the employer.

snowicefox17

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If demand is unit elastic and the labor supply is ________, the payroll tax is borne mostly by the employer.

Question 1.

The government imposes a tax on imported wine. As a result, fewer individuals purchase imported wine. This is an example of tax

▸ equity.

▸ shifting.

▸ evasion.

▸ incidence.

Question 2.

If demand is unit elastic and the labor supply is ________, the payroll tax is borne mostly by the employer.

▸ very elastic

▸ very inelastic

▸ unit elastic

▸ perfectly inelastic

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 74 times

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joanamet

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More solutions for this book are available here

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snowicefox17 Author

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Smart ... Thanks!

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