Which of the following statements is most accurate in regard to the tax division between buyers and sellers of products with perfectly elastic demand
A: Sellers pay the entire tax.
B: Buyers bear the entire tax burden.
C: Buyers and sellers share the tax burden.
A: Sellers pay the entire tax.
B: Buyers bear the entire tax burden.
C: Buyers and sellers share the tax burden.
举一反三
- When a tax is placed on the buyers of lemonade A: sellers bear the entire burden of the tax. B: buyers bear the entire burden of the tax. C: burden of the tax will be always be equally divided between the buyers and the sellers. D: burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal.
- If a tax is imposed on a market with inelastic supply and elastic demand, then A: buyers will bear most of the burden of the tax. B: sellers will bear most of the burden of the tax. C: the burden of the tax will be shared equally between buyers and sellers. D: it is impossible to determine how the burden of the tax will be shared.
- A tax imposed on a market with an inelastic demand and an elastic supply will cause() A: sellers to pay the<br/>majority of the tax. B: buyers to pay the<br/>majority of the tax. C: the tax burden to<br/>be equally divided between buyers and sellers. D: the tax burden to<br/>be divided, but it cannot be determined how.
- The international market price of goods is determined by the competition between buyers and sellers, namely, the law of supply and demand. It includes（ ） A: Competitive selling between sellers B: Competitive buying between buyers C: Competition between buyers and sellers D: Competitive buying between sellers E: Competitive selling between buyers
- Which of the following is a characteristic of perfect competition? A: . A single seller. B: . A small number of buyers. C: . Buyers and sellers are price setters. D: . Buyers and sellers are price takers.