Price
Quantity Demanded
Quantity Supplied
New Quantity
(select from this menu)
increased.
decreased.
stayed the same.
cannot be determined.
(select from this menu)
increased.
decreased.
stayed the same.
cannot be determined.
(select from this menu)
is more price elastic than supply.
is less price elastic than supply.
has the same price elasticity as supply.
Buyers bear the
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greater
lesser
the same
burden of this excise tax when compared to the sellers.
Directions:
Provide an answer for each question above and then check your answers.
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