Author Question: The effects of a per-unit tax imposed on sales of an industry's product would likely include A) a ... (Read 119 times)

anshika · **on:** Jun 29, 2018

The effects of a per-unit tax imposed on sales of an industry's product would likely include

A) a lower product price at any amount of the product supplied.
B) a leftward shift of the market supply curve for the product.
C) a leftward movement along the market supply curve for the product.
D) none of the above.

Question 2

Trading off capital goods for increasing amounts of consumer goods today will most likely result in

A) increased long-term growth.
B) decreased long-term growth.
C) decreased prices in consumer goods.
D) increases in the quantity of consumer goods.