This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 26-1. In the figure above, the money demand curve would move from Money demand1 to ... (Read 59 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
Refer to Figure 26-1. In the figure above, the money demand curve would move from Money demand1 to Money demand2 if
 
  A) the interest rate decreased. B) real GDP decreased.
  C) the price level increased. D) the Federal Reserve sold Treasury securities.

Question 2

Delaware and North Dakota have identical state gasoline taxes of 23.0 cents per gallon. When added to the federal gasoline tax of 18.4 cents per gallon, the total tax on one gallon of gasoline in these two states is 41.4 cents.
 
  On November 8, 2015, the average price of one gallon of regular gasoline was 2.17 in Delaware and 2.28 in North Dakota. Briefly explain whether this is an example of price discrimination. Assume that the gasoline being sold is identical in both states.
 
  Sources: gaspricewatch.com and taxfoundation.org


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

This appears to be a case of price discrimination, unless the costs of selling gasoline is 2.28 - 2.17 = 0.11 per gallon higher in North Dakota than in Delaware.


fasfsadfdsfa

  • Member
  • Posts: 554
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The titration curve of acetic acid The titration curve of acetic acid
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Attributed to the Manner of Peleus Painter, Red-figure calyx-krater. Attributed to the Manner of Peleus Painter, Red-figure calyx-krater.
Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ... Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ...
Establish contact by rocking the leg inward and outward in rotation. Hands move along the entire ... Establish contact by rocking the leg inward and outward in rotation. Hands move along the entire ...
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library