When the demand for a commodity is inelastic, who bears the greater burden of the indirect tax?
The producer
The government
The retailer
The consumer
The wholesaler
Correct answer is D
No explanation has been provided for this answer.
Industries are scattered all around
A firm decides to expand
Industries are producing below capacity
Firms compromising an industry are concentrated in one area
A firm is located near raw materials
Correct answer is D
No explanation has been provided for this answer.
The coefficient of price elasticity of demand is zero when demand is
Fairly elastic
Perfectly inelastic
Fairly inelastic
Unitary elastic
Perfectly elastic
Correct answer is B
No explanation has been provided for this answer.
Exploiting
Exploring
Refining
Marketing
Exporting
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not an item of capital expenditure?
Building of roads and bridges
Supply of electricity
Building of damns
Building of habours
Payment of interest on loans
Correct answer is E
No explanation has been provided for this answer.