Quiz Space

Managerial Economics · Quiz 2 · 24 Mar 2024 · January 2024 term

Managerial Economics Quiz 2 24 Mar 2024 — Question 2

Question 2

+1 markOne correct option

Choose the correct alternative

  1. A

    The fraction of quantity tax paid by buyers rises as supply becomes less own‐ price elastic

  2. B

    The fraction of quantity tax paid by buyers rises as demand becomes more own‐price elastic

  3. C

    Both the fraction of quantity tax paid by buyers rises as supply becomes less own‐price elastic & the fraction of quantity tax paid by buyers rises as demand becomes more own‐price elastic

  4. D

    None

Show answer

Correct answer

  • D

    None

See the whole paperTake it as a mock test

Question 2 of 18 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 24 Mar 2024, in the January 2024 term (IIT M DEGREE AN EXAM QDB2 24 Mar 2024). It carries 1 mark.

More questions from this paper

  1. Q1Choose the correct statement
  2. Q3Choose the correct alternative about a monopolist
  3. Q4Consider following two statements\ I. Peak load pricing is a form of price discrimination.\ II. It makes consumers bett…
  4. Q5How many strategies/actions of Airbus are strictly dominated
  5. Q6Dominant strategy equilibrium of this game will be
  6. Q7What is the profit-maximizing price per dose of Ageless (in \$)?.........................
  7. Q8Choose the correct alternative
  8. Q9Choose the correct alternative
  9. Q10What is true about the optimal bundle of Narendra
  10. Q11Optimal quantity of food is x=_
  11. Q12Optimal quantity of clothing is y=_
  12. Q13How many TAs will the university hire as a monopsonist
  13. Q14What wage will it pay to a TA
  14. Q15The demand and supply curves in a market are \boldsymbol{Q^d = 10 - 0.5P^d} \boldsymbol{Q^s} = \begin{cases} \boldsymbo…
  15. Q16The demand and supply curves in a market are \boldsymbol{Q^d = 10 - 0.5P^d} \boldsymbol{Q^s} = \begin{cases} \boldsymbo…
  16. Q17The demand and supply curves in a market are \boldsymbol{Q^d = 10 - 0.5P^d} \boldsymbol{Q^s} = \begin{cases} \boldsymbo…
  17. Q18The demand and supply curves in a market are \boldsymbol{Q^d = 10 - 0.5P^d} \boldsymbol{Q^s} = \begin{cases} \boldsymbo…