--%>
Assignment Help - homework help

Determine price elasticity of perfectly elastic demand

A city government trying to pass an excise tax for that the economic burden would be borne strictly through the seller will succeed when this imposes a tax on a good for that the price elasticity of: (i) demand is unitarily elastic. (ii) supply is relatively elastic. (iii) demand is perfectly inelastic. (iv) supply is relatively inelastic. (v) demand is perfectly elastic.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Saving and the Supply of Loanable Funds

    The principal eventual lenders/savers within financial markets are: (w) business firms. (x) the government. (y) households. (z) foreign investors. I need a good answer on the topic of Economics pro

    		•
  • Q : Problem on income and substitution

    Jim a vegetarian. All he eats is lettuce and cheese. His original budget constraint and utility maximizing bundle are illustrated in the graph shown below: 1531</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Uy what is basic objects of bretton

    what is basic objects of bretton woods?

    		•
  • Q : Cost conditions and market demand curve

    The fact that a firm along with market power adjusts output depending upon both cost conditions and the features of the market demand curve means that: (w) the amount which a monopolist produces tends to be more volatile than the outp

    		•
  • Q : Unitarily elastic demand by fixing all

    A monopolist who does not price discriminate, that is: (w) cannot maximize profit by producing where demand is unitarily elastic. (x) will maximize profit where demand is unitarily elastic when all costs are fixed. (y) will maximize profit where deman

    		•
  • Q : Pure competition or monopoly with

    Compared along with pure competition or monopoly, not perfect competition is: (w) far more common in Europe than in the United States. (x) much more common in markets during the world. (y) much less common in advanced nations than in underdeveloped na

    		•
  • Q : Operations of constant cost industries

    Purely competitive industries operating under circumstances of constant cost have long-run supply curves which are: (w) horizontal. (x) upward sloping. (y) downward sloping. (z) equal to LRATC for every firm. Can a

    		•
  • Q : Present Value and Rates of Return When

    When the annual interest rate is 12 percent and a rental house can be expected to rent perpetually for $1,000 monthly, rough computation suggests the house contain a present value of: (1) $240,000. (2) $144,000. (3) $100,000. (4) $72,000. (5) $12,000.

    		•
  • Q : Economic minimized losses or maximized

    When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos

    		•
  • Q : Arising Economic Discrimination

    Economic discrimination occurs while: (1) economic rents are received by resource suppliers. (2) wages are proportional to workers’ differing productive contributions. (3) household incomes differ because of different resource ownership. (4) pur

    		•