Suppose that price elasticity of demand is 1.8, price elasticity of supply is 0.2, and a 100 % excise tax is levied on the good:. a. sellers pay 20 percent of the tax.
b. consumers pay 20 percent of the tax.
c. consumers pay 10 percent of the tax.
d. sellers pay 10 percent of the tax.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?

How are credit unions similar to banks

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?