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Posted: **Tue Apr 26, 2022 11:16 am**

: 2 Marks The Burden Of A Tax And The Benefit Of A Subsidy Falls Mainly On Consumers O A If Demand Is Inelastic O B If 1 (37.65 KiB) Viewed 83 times

: 2 Marks The Burden Of A Tax And The Benefit Of A Subsidy Falls Mainly On Consumers O A If Demand Is Inelastic O B If 2 (34.54 KiB) Viewed 83 times

2 Marks The burden of a tax and the benefit of a subsidy falls mainly on consumers: O A. if demand is inelastic. O B. if the ratio of the price elasticity of demand to the price elasticity of supply is small. O c. if the ratio of the price elasticity of demand to the price elasticity of supply is large. OD. if the quantity demanded is relatively large in the consumer's basket.
The trade in the trade-to-GDP ratio O A. is the sum of exports and imports. O B. includes imports, exports and capital flows. C. includes exports and capital flows. OD. is the difference between imports and exports.