Author Question: A unit tax placed on demanders causes the supply curve to shift downward, shifting part of the tax ... (Read 55 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
A unit tax placed on demanders causes the supply curve to shift downward, shifting part of the tax burden to supplier in the form of lower prices and quantity.
 
  a. True b. False

Question 2

Cigarette companies favored a ban on cigarette advertising.
 
  What will be an ideal response?



macagn

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

b

Answer to Question 2

True. The cigarette industry is an oligopoly and it is likely that most of the advertising was aimed at stealing customers from rivals. Therefore, joint profits are greater without advertising.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library