Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, then the a. buyers and sellers are likely to share the burden of the tax equally. b. buyers will bear a greater burden of the tax than the sellers. c. sellers will bear a greater burden of the tax than the buyers. d. buyers and sellers will not share the burden equally, but it is impossible to determine who will bear the greater burden of the tax without more information.

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of