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

Author Question: A sales tax is imposed on the sellers of gasoline. This tax shifts A) the supply of gasoline ... (Read 86 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
A sales tax is imposed on the sellers of gasoline. This tax shifts
 
  A) the supply of gasoline curve leftward.
  B) the supply of gasoline curve rightward.
  C) the demand for gasoline curve leftward.
  D) both the supply curve of gasoline and demand curve for gasoline leftward.

Question 2

A product is likely to have a price elasticity of demand that exceeds 1 when
 
  A) its price falls.
  B) the percentage of income spent on it decreases.
  C) it is a necessity.
  D) it has close substitutes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 29, 2018
Gracias!

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Blood supply to the pituitary gland Blood supply to the pituitary gland
Sectoral Shifts Sectoral Shifts
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Who Oversees the Food Supply? Who Oversees the Food Supply?
Blood Supply to the Lungs Blood Supply to the Lungs
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library