If the demand for good is more elastic and government levied a tax per unit of output, the price per unit for the firm would:

A. Rise by the amount of the tax

B. Rise by more than the amount of the tax

C. Rise by less than the amount of the tax

D. Remain the same

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The firms in non-cooperative games:
  2. The isoquant approach is based upon:
  3. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  4. If the marginal utility is divided by the price of the commodity then it is called:
  5. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  6. If the commodity is inferior then the increase in income of the consumer results in:
  7. Income-elasticity of demand is expressed as:
  8. Identify the author of The Principles of political Economy and Taxation:
  9. In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?
  10. Consumer surplus is the difference between
  11. A fall in demand for the product under monopolistic competition will likely result in:
  12. If the prices of goods rise then:
  13. Marginal cost is the cost:
  14. The act of producing the output from more than one plant is concerned with:
  15. The game theory is concerned with:
  16. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  17. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  18. When total product (TP) is maximum:
  19. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  20. A monopolist is:
  21. Which of the following is not a U shaped curve:
  22. General Equilibrium deals with the equilibrium of the:
  23. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  24. In monopolistic competition, the firms have to face:
  25. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  26. The games which played by players again and again are called:
  27. Indifference curve represents:
  28. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  29. Marginal cost curve cuts the average cost curve:
  30. Traditionally, the study of determination of price is called: