--%>
Assignment Help - homework help

Tax in long run relatively inelastic supply

You daily buy author-published books of poetry that are relatively inelastically supplied within the long run. Then government imposes a tax upon books of poetry. Then tax is probable to be borne primarily through: (1) retail book stores. (2) consumers. (3) self-publishing poets. (4) printing companies.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Capital Market in Private Economy This

    This capital market is within this illustrated figure a closed private economy. The first plans of savers and investors are demonstrated as curves S0 and I0. There market equilibrium will exist at: (1) point a. (2) point b. (3) point

    		•
  • Q : Problem regarding law of Diminishing

    Can someone help me in finding out the right answer from the given options. According to the law of diminishing marginal utility, the longer that Chris and Lee kiss: (i) The less invested each will be in enduring this relationship. (ii) The closer they are to arriving

    		•
  • Q : Levels of recent interest rate When

    When households become ever more willing to sacrifice future consumption therefore that they can enjoy greater levels of recent consumption, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income rises. (z) equilibrium r

    		•
  • Q : Profit Maximization-Labor Can someone

    Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (w) MR   MC is maximized. (x) VMP = MFC. (y) VMP = MRP. (z) MRP = MFC.

    		•
  • Q : Words of Johann H. von Thünen about

    The theory about land derives its value primarily by how much its location conserves on transaction costs is attributable to: (a) Johann H. von Thünen. (b) Adam Smith. (c) Richard Cantillon. (d) David Ricardo. (e) Reverend Thomas Robert (“B

    		•
  • Q : Question on central planning "Under

    "Under central planning, some group ought to decide how to obtain the necessary inputs produced in the right amounts and delivered to the right places at the right time. It is a nearly impossible task without markets and profits." This quotation best identifies the:

    		•
  • Q : Diagonal line in perfect equality of

    The ratio of the area among the diagonal line of perfect equality and the Lorenz curve to the total area in the diagonal is the: (1) poverty index. (2) human capital coefficient. (3) needs coefficient. (4) negative-tax index. (5) Gini index.

  • Q : Contradiction of the law of diminishing

    Can someone help me in finding out the right answer from the given options. Which of the following below seems the contradiction of the law of diminishing marginal utility? (1) Ken enjoys his 13th beer of the evening more than his initial. (2) Joan recognizes that her

    		•
  • Q : Bilateral Monopoly problem I have a

    I have a problem in economics on Bilateral Monopoly problem. Please help me in the following question. The bilateral monopoly is in operation when: (1) The firm is mere employer of some labor force and a union is the mere supplier of the labor for tha

    		•
  • Q : Motivation behind granting patent rights

    Normal 0