Course Solutions Uncategorized (Answered) : Regulatory costs are partially borne by workers when: A. demand is perfectly inelastic. B. supply is perfectly elastic.

(Answered) : Regulatory costs are partially borne by workers when: A. demand is perfectly inelastic. B. supply is perfectly elastic.

Regulatory costs are partially borne by workers when:

A.
demand is perfectly inelastic.

B.
supply is perfectly elastic.

C.
supply is perfectly inelastic.

D.
none of these.

Expert Answer


C.

supply is perfectly inelastic.

because in that case supply will not change so in order to maintain demand at same level , this extra cost of regulation is beared by workers partially.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post

(Solved) : 4 200 850 750 8650 9300 10100 2 002 2004 2006 2008 2010 2000 2040 2080 2 120 T Used Calcul Q34197576 . . . .(Solved) : 4 200 850 750 8650 9300 10100 2 002 2004 2006 2008 2010 2000 2040 2080 2 120 T Used Calcul Q34197576 . . . .

According to matlab<br/><img src="https://media.cheggcdn.com/media%2Fac1%2Fac1c9216-4667-4b70-b25e-f35bccd253e2%2Fimage.png" alt="4) 200 850 750 8650 9300 10100 2 002 2.004 2006 2008 2.010 2000 2.040 2.080 2 120 can t used to calculate the applied stress