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Author Question: Refer to Figure 12-17. The graphs depicts a short-run equilibrium. How will this differ from the ... (Read 126 times)

2125004343

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on: Jun 29, 2018
Refer to Figure 12-17. The graphs depicts a short-run equilibrium. How will this differ from the long-run equilibrium? (Assume this is a constant-cost industry.)
 
  A) The price will be higher in the long run than in the short run.
  B) The market supply curve will be further to the left in the long run than in the short run.
  C) The firm's profit will be lower in the long run than in the short run.
  D) Fewer firms will be in the market in the long run than in the short run.

Question 2

Gasoline taxes that are typically used for highway construction and maintenance are consistent with which of the following principles of taxation?
 
  A) the ability-to-pay principle B) the vertical-equity principle
  C) the horizontal-equity principle D) the benefits-received principle
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cupcake16

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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2125004343

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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