If the 7s of 2005 Are Offered at 102:23,then the Price

question 75

Multiple Choice

If the 7s of 2005 are offered at 102:23,then the price of a $1,000 bond would be:

• A) $1,020.23.
• B) $1,022.30.
• C) $1,025.00.
• D) $1,027.19.

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Definitions:

Burden Of The Tax

The burden of the tax refers to the impact of a tax on the economic welfare of stakeholders, indicating who ultimately bears the cost of the tax.

Elasticity Of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively measured as the percentage change in quantity demanded relative to a percentage change in price.

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in its price.

Tax Revenue

It's the income that is collected by governments through taxation.