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Author Question: Which of the following outcomes is NOT a result of a tax imposed on sellers of gasoline? A) ... (Read 67 times)

ericka1

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Which of the following outcomes is NOT a result of a tax imposed on sellers of gasoline?
 
  A) Supply decreases, a deadweight loss is created, and the price rises.
  B) The market becomes less efficient and the government collects the tax revenue.
  C) Demand does not change, the price rises, and consumer surplus decreases.
  D) Demand decreases, the market becomes more efficient, and the price rises.

Question 2

A market structure in which a small number of firms compete is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) oligopoly.
  D) monopoly.



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asdfasdf

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Answer to Question 1

D

Answer to Question 2

C




ericka1

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


miss_1456@hotmail.com

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Reply 3 on: Yesterday
Excellent

 

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