Author Question: Compared to a valued added tax, a sales tax is _____. a. easier to monitor b. easier to apply ... (Read 190 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
Compared to a valued added tax, a sales tax is _____.
 
  a. easier to monitor
  b. easier to apply to investment goods
  c. harder to collect
  d. all of the above
   e. a and b

Question 2

The current price floor in the agricultural lettuce market makes it such that price of lettuce is 25 higher than equilibrium price and 100 heads of lettuce are demanded.
 
  Assuming that the elasticity of demand for lettuce is -0.50, what would be the equilibrium price and quantity of lettuce if the government removed the current price floor?
  A) Price = 0.875, Quantity = 125
  B) Price = 1, Quantity = 112.5
  C) Price = 0.75, Quantity = 112.5
  D) Price = 0.75, Quantity = 125



vseab

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

e

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

For a complete list of videos, visit our video library