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Author Question: Suppose when Nablom's Bakery raised the price of its breads by 10 percent, the quantity demanded ... (Read 37 times)

APUS57

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on: Jun 29, 2018
Suppose when Nablom's Bakery raised the price of its breads by 10 percent, the quantity demanded fell by 15 percent. What was the effect on sales revenue?
 
  A) Sales revenue increased.
  B) Sales revenue decreased.
  C) Sales revenue remained unchanged.
  D) It cannot be determined without information on prices.

Question 2

An advantage of imposing a tax on the producer that generates pollution is that
 
  A) the government can keep tabs on exactly what is produced in an industry.
  B) it forces the polluting producer to internalize the external cost of the pollution.
  C) it will eliminate pollution.
  D) a producer can pass the cost of the pollution to consumers.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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elyse44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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