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Author Question: For a collective consumption good, market demand is found by ______. a. horizontally summing ... (Read 111 times)

sheilaspns

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on: Jul 1, 2018
For a collective consumption good, market demand is found by ______.
 
  a. horizontally summing individual demand curves
  b. vertically summing individual demand curves
  c. estimating a market demand function based on survey data
   d. estimating a market demand function based on data from similar goods having market pricing

Question 2

Cigarette taxes are viewed as _____.
 
  a. regressive
  b. progressive
  c. proportional
   d. non-distortionary


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jomama

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


sheilaspns

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  • Posts: 567
Reply 2 on: Jul 1, 2018
Excellent

okolip

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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