Consumers with an elastic demand for service

Assignment Help Business Economics

Reference no: EM131107418

Which of the following statements is false?

(A) Consumers with an elastic demand for a service will not bear the burden of a tax if the suppliers of a good have an inelastic supply

(B) Suppliers with an inelastic supply for a service will not bear the burden of a tax if the consumers of a good have an elastic demand

(C) Suppliers with an inelastic demand for a service will bear the budern of a tax if the consumers of a good have a perfectly elastic demand

(D) Consumers with an inelastic demand for as ervice will share the burden of a tax if the suppliers of a good have an inelastic supply.

Reference no: EM131107418

Questions Cloud

Monopolistically competitive firm produces quantity : In the long run, a monopolistically competitive firm produces a quantity that

What is profit maximizing price for newspaper : Q = 12S1/2P-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q. Using fact that MR = P(1+1/..

Write a one page note on illiteracy in india : Write a one-page note on Illiteracy in India. Include all the required data. Add 2-3 references in the last of the paper

Consider the wage differentials across occupations : The wage distributions for three occupations in the Pennsylvania food services industry are provided below. Consider the wage differentials across occupations. How do they compare to the prediction of the Law of One Wage? With respect to your answer,..

Consumers with an elastic demand for service : Consumers with an elastic demand for a service will not bear the burden of a tax if the suppliers of a good have an inelastic supply. Suppliers with an inelastic supply for a service will not bear the burden of a tax if the consumers of a good have a..

Marketing is fundamentally different from goods marketing : Some services marketers strongly maintain that service marketing is fundamentally different from goods marketing and that different skills are involved. Some traditional goods marketers disagree, saying, “good marketing is good marketing.”

The solution is to increase ticket prises : Suppose you are a member of a local soccer club. The goal of your soccer is to increase the amount of revenue earned from ticket sales in the local competition. Two executives of the soccer club, Evadney and Felix suggest that the solution is to incr..

In the short-short run firm : In the short-short run a firm

Decreasing returns to scale : Decreasing returns to scale

User Account

All Pages