Exercise 9 Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4 ​, and the price elasticity of demand is negative 0.4 . The​ cross-elasticity of demand for beer with respect to the price of liquor is 0.1. If the new tax is​ imposed, who will bear the greater burdenlong dash liquor suppliers or liquor​ consumers? Liquor consumers pay nothing percent and liquor suppliers pay nothing percent of the tax. ​(Enter your responses rounded to one decimal place.​) Enter your answer in the edit fields and then click Check Answer. 1 part remaining

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.