If the sellers pay the majority of the tax, then the supply is more inelastic than demand.
If something is inelastic it is not sensitive to changes in the price or income of someone. The sellers will always have more of the tax burden when supply is more inelastic than demand and vis versa when demand is more inelastic than supply.
Answer:
The correct answer is option d.
Explanation:
If oligopolists are able to collude successfully, they will be able to fix price and output similar to a monopoly.
In order to maximize profits, the oligopoly firms keep their prices higher than a perfectly competitive firm but lower than monopoly. The output level is kept higher than a monopoly firm but lower than a perfectly competitive firm.
Answer:
B, reduced supply of labor, higher wages
Explanation:
Government laws have a minimum wage that has to be earned by the company to employ a person.
B. to improve control of monetary policy and to increase the information available to investors
C. To ensure that financial intermediaries do not earn more than the normal rate of return and to improve control of monetary policy
Hope this helped ;)
The most likely answer here is B
