Question: may you please help me solve #24&25 thank you D Question 24 2.5 pts If the demand curve for a good is a downward sloping

 may you please help me solve #24&25 thank you D Question

may you please help me solve #24&25 thank you

24 2.5 pts If the demand curve for a good is a

D Question 24 2.5 pts If the demand curve for a good is a downward sloping straight line, the price elasticity of demand will be larger the larger the income elasticity of demand for that good. lower the price of the goo O higher the price of the good. O higher the price of substitutes. lower the income of consumers. Question 25 2.5 pts (This is an out of the book question) The government can tax either demanders or suppliers of a product. Which of the following statements is correct? Demanders always pay a larger fraction of the tax when the tax is imposed on demanders. None of the above answers is correct. Demanders always pay a larger fraction of the tax when the tax is imposed on suppliers. The fraction of the tax demanders pay is always the same regardless of whether the tax is imposed on demanders or on suppliers

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