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Author Question: Refer to the figure above. If the pre-tax equilibrium price of Good X was 3 and the price that ... (Read 132 times)

drink

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on: Jun 29, 2018
Refer to the figure above. If the pre-tax equilibrium price of Good X was 3 and the price that sellers receive after the imposition of a tax of 3 is 2, the incidence of the taxation on sellers is approximately ________.
 
  A) 1
  B) 15
  C) 33
  D) 21

Question 2

Which of the following is a problem that arises in a health insurance market?
 
  A) There are a large number of buyers of various insurance programs.
  B) There exists a fierce competition between the insurance providers.
  C) A disproportionate number of high-risk individuals are attracted to buy insurance.
  D) Only risk-averse individuals buy insurance.


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livaneabi

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

C

Answer to Question 2

C


drink

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

smrtceo

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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