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

Author Question: Excess quantity demanded may result from A) a government-imposed minimum price above market ... (Read 196 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
Excess quantity demanded may result from
 
  A) a government-imposed minimum price above market equilibrium.
  B) a government-imposed maximum price below market equilibrium.
  C) an oversupply of output.
  D) technological progress.

Question 2

Which of the following is TRUE about the effects of an excise tax if consumers are totally unresponsive to price changes?
 
  A) Consumers pay all of the excise tax.
  B) Producers pay all of the excise tax.
  C) Consumers and producers share the excise tax equally.
  D) Neither consumers nor producers pay the excise tax.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Caiter2013

  • Hero Member
  • *****
  • Posts: 607
Reply #2 on: Jun 29, 2018
Thank you


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Variation in climatic conditions result in geographic variation in the distribution of biome types a Variation in climatic conditions result in geographic variation in the distribution of biome types a
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
a) Type IV hypersensitivity reaction, contact dermatitis as the result of reaction to the nickel in ... a) Type IV hypersensitivity reaction, contact dermatitis as the result of reaction to the nickel in ...
Main Hall, Trajan's Market Main Hall, Trajan's Market
The oceans continue to absorb most of the excess energy trapped by greenhouse gases The oceans continue to absorb most of the excess energy trapped by greenhouse gases
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Physiology of Asthma

For a complete list of videos, visit our video library