1) if a two linear demand curve run through a common point than at any given quantity the curve
that is flatter is more elastic? TRUE OR FALSE
2) Wheather buyers or sellers bear the majority of the tax burden depends on who initially
imposed the tax? TRUE OR FALSE
3) the midpoint method of calculating elasticity yields the same results as other methods? TRUE
OR FALSE
Solution
1) True [Elastacity rule: if two linear demand (or supply) curves run through a common point
then at any given quantity the curve that is flatter is more elastic]
2) False
3) False.
1) if a two linear demand curve run through a common point than at a.pdf
1. 1) if a two linear demand curve run through a common point than at any given quantity the curve
that is flatter is more elastic? TRUE OR FALSE
2) Wheather buyers or sellers bear the majority of the tax burden depends on who initially
imposed the tax? TRUE OR FALSE
3) the midpoint method of calculating elasticity yields the same results as other methods? TRUE
OR FALSE
Solution
1) True [Elastacity rule: if two linear demand (or supply) curves run through a common point
then at any given quantity the curve that is flatter is more elastic]
2) False
3) False
![1) if a two linear demand curve run through a common point than at any given quantity the curve
that is flatter is more elastic? TRUE OR FALSE
2) Wheather buyers or sellers bear the majority of the tax burden depends on who initially
imposed the tax? TRUE OR FALSE
3) the midpoint method of calculating elasticity yields the same results as other methods? TRUE
OR FALSE
Solution
1) True [Elastacity rule: if two linear demand (or supply) curves run through a common point
then at any given quantity the curve that is flatter is more elastic]
2) False
3) False](https://image.slidesharecdn.com/1ifatwolineardemandcurverunthroughacommonpointthanata-230327102240-488ce472/85/1-if-a-two-linear-demand-curve-run-through-a-common-point-than-at-a-pdf-1-320.jpg)
