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Author Question: Suppose that a new advertising campaign extolling the virtues of apple juice is successful, and a ... (Read 53 times)

meagbuch

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on: Jun 30, 2018
Suppose that a new advertising campaign extolling the virtues of apple juice is successful, and a major freeze destroys half of the country's apple cro
 
  A) The equilibrium price of apple juice might rise or fall and the equilibrium quantity of apple juice falls.
  B) The equilibrium price of apple juice rises and the equilibrium quantity of apple juice might rise or fall.
  C) The equilibrium price of apple juice falls and the equilibrium quantity of apple juice might rise or fall.
  D) The equilibrium price of apple juice might rise or fall and the equilibrium quantity of apple juice rises.

Question 2

A flat tax which does NOT allow for deductions or credits is essentially a tax on
 
  A) education. B) income.
  C) consumption. D) government expenditures.


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bdobbins

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


meagbuch

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Reply #2 on: Jun 30, 2018
Thank you :)


bdobbins

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Reply #3 on: Jun 30, 2018
Happy to help you


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