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The demand for cigarettes is price inelastic implying a unit tax on this commodity will

A. Will mainly paid by sellers of the product

B. By mainly paid by cigarette smokers

C. Be mainly paid by tobacco growers

D. None of the above

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  1. A typical demand curve cannot be:
  2. The slope of isocost line (budget line) shows:
  3. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  4. When total product falls:
  5. Who finalized the model of imperfect competition?
  6. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  7. The number of sellers in oligopoly are:
  8. If the price of product A decreases and in the result the demand for product B increases then we can…
  9. In the perfect competition, there is a process of:
  10. When a consumer is in equilibrium then slope of indifference curve is:
  11. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  12. In a competitive market, price is determined primarily by:
  13. The basic subject matter of economics is:
  14. Now-a-days in real life, we are unable to fined:
  15. If the price of product increases and in the result the demand for product B also increases then:
  16. The study of economics just in theoretical way is called:
  17. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  18. From the resource allocation view point, perfect competition is preferable because:
  19. Perfect competition assumes:
  20. If the commodities X and Y are perfect substitutes then:
  21. Equilibrium of a firm represents maximization of profits as well as:
  22. In Edgeworth model, prices oscillate between:
  23. If two goods have same marginal utility for a consumer then:
  24. The nominal income of a consumer is income in terms of:
  25. Theory of revealed preference is based on:
  26. In Prisoners Dillemma, the players are:
  27. The average product is given as:
  28. A normal profit is:
  29. Repetition of a game (Repeated Game):
  30. Income-demand curve shows: