This topic contains a solution. Click here to go to the answer

Author Question: Suppose that today, consumers expect the price of a gallon of gasoline to double in the future. Then ... (Read 162 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
Suppose that today, consumers expect the price of a gallon of gasoline to double in the future. Then today the gasoline
 
  A) demand curve will shift to the right.
  B) demand curve will shift to the left.
  C) supply curve will shift to the right.
  D) supply curve will shift to the left.

Question 2

Dynamic tax analysis is based on the recognition that as tax rates are increased
 
  A) tax revenue collections will eventually decline.
  B) tax revenue collections will continually increase.
  C) tax revenue collections will change at the same rate as the tax rates.
  D) tax revenue collections will increase at a faster rate than the tax rate change.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jmfn03

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

A




joblessjake

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library