The actual division of the burden of a tax between buyers and sellers in a marke

Question

The actual division of the burden of a tax between buyers and sellers in a market is called
A) tax incidence. B) tax liability. C) tax bearer. D) tax parity.

Which of the following statements about price elasticity of demand is false?
A) The value of the price elasticity of demand is the reciprocal of the value of the demand curve's slope.
B) If quantity demanded changes by a larger percentage than the percentage change in price, demand is elastic.
C) The value of the price elasticity of demand along a downward-sloping demand curve is always negative.
D) The elasticity is different on every point of a linear downward-sloping demand.

Explanation / Answer

The actual division of the burden of a tax between buyers and sellers in a market is called B) tax liability Which of the following statements about price elasticity of demand is false? A) The value of the price elasticity of demand is the reciprocal of the value of the demand curve's slope

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