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

Author Question: The deadweight loss of a specific tax will be a small share of the tax revenue collected if: A) ... (Read 56 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Jul 1, 2018
The deadweight loss of a specific tax will be a small share of the tax revenue collected if:
 
  A) supply is more inelastic than demand.
  B) demand is more inelastic than supply.
  C) supply and demand are both elastic.
  D) supply and demand are both inelastic.

Question 2

Suppose the aggregate demand for housing in the U.S. includes a substantial speculative component. What happens of the expectations of speculators change, and they believe housing prices will not increase in the future?
 
  A) The aggregate demand curve shifts leftward, and the equilibrium market price declines.
  B) The aggregate demand curve shifts leftward, and the equilibrium market price increases.
  C) The speculative demand curve shifts leftward, but the aggregate demand curve is unchanged.
  D) There is no change in the current demand for housing because speculators' expectations are based on future events.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmj22343

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

D

Answer to Question 2

A


futuristic

  • Hero Member
  • *****
  • Posts: 638
Reply #2 on: Jul 1, 2018
Correct answers!


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

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.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

The couple discusses grief over the loss of a child. The couple discusses grief over the loss of a child.
Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood. Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood.
A small adult H. erectus from Olorgesailie, Kenya. A small adult H. erectus from Olorgesailie, Kenya.
Inflammation of the oropharynx and petechiae (small red spots) on the soft palate caused by strep ... Inflammation of the oropharynx and petechiae (small red spots) on the soft palate caused by strep ...
Loud Music and Hearing Loss (2 of 2) Loud Music and Hearing Loss (2 of 2)
A small 355-g box hangs from one end of a thin light string that goes over a frictionless ... A small 355-g box hangs from one end of a thin light string that goes over a frictionless ...
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library