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Author Question: An unusually warm winter shifts the A) supply curve of gloves rightward. B) supply curve of ... (Read 69 times)

cagreen833

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on: Jun 29, 2018
An unusually warm winter shifts the
 
  A) supply curve of gloves rightward.
  B) supply curve of gloves leftward.
  C) demand curve for gloves rightward.
  D) demand curve for gloves leftward.

Question 2

The supply of milk in Nexus City is perfectly elastic. If a tax is imposed on each gallon of milk sold, ________.
 
  A) the burden of the tax will fall entirely on the sellers
  B) the burden of the tax will fall entirely on the buyers
  C) the tax incidence on the sellers is higher than that on the buyers
  D) the deadweight loss due to taxation is zero


wilsonbho

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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