Quiz Space

Managerial Economics · Quiz 2 · 4 Aug 2024 · May 2024 term

Managerial Economics Quiz 2 4 Aug 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 more own- price elastic

  2. B

    The fraction of quantity tax paid by buyers rises as demand becomes less own- price elastic

  3. C

    Both The fraction of quantity tax paid by buyers rises as supply becomes more own-price elastic and The fraction of quantity tax paid by buyers rises as demand becomes less own-price elastic

  4. D

    None of these

Show answer

Correct answer

  • C

    Both The fraction of quantity tax paid by buyers rises as supply becomes more own-price elastic and The fraction of quantity tax paid by buyers rises as demand becomes less own-price elastic

See the whole paperTake it as a mock test

Question 2 of 17 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 4 Aug 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB2 4 Aug 2024). It carries 1 mark.

More questions from this paper

  1. Q1Choose the incorrect statement
  2. Q3Choose the correct alternative about a monopolist
  3. Q4Consider the following two statements:\ I. Peak load pricing is a form of price discrimination.\ II. It makes consumers…
  4. Q5Nash equilibrium in this game is (are)
  5. Q6Choose the correct alternative
  6. Q7What is true about the optimal bundle of Mohan
  7. Q8Optimal quantity of food is x=_
  8. Q9Optimal quantity of clothing is y=_
  9. Q10How many TAs will the university hire as a monopsonist
  10. Q11What wage will it pay to a TA
  11. Q12What is the size of the excess supply in the market with the price floor? _
  12. Q13What is the consumer surplus?
  13. Q14What is the producer surplus?_
  14. Q15What is the deadweight loss?_
  15. Q16What is the profit-maximizing price per dose of Ageless (in \$)?
  16. Q17Choose the correct alternative