Suppose that a new advertising campaign extolling the virtues of ...

[meagbuch]

Suppose that a new advertising campaign extolling the virtues of apple juice is successful, and a major freeze destroys half of the country's apple cro
 
  A) The equilibrium price of apple juice might rise or fall and the equilibrium quantity of apple juice falls.
  B) The equilibrium price of apple juice rises and the equilibrium quantity of apple juice might rise or fall.
  C) The equilibrium price of apple juice falls and the equilibrium quantity of apple juice might rise or fall.
  D) The equilibrium price of apple juice might rise or fall and the equilibrium quantity of apple juice rises.

Question 2

A flat tax which does NOT allow for deductions or credits is essentially a tax on
 
  A) education. B) income.
  C) consumption. D) government expenditures.

[bdobbins]

Answer to Question 1

B

Answer to Question 2

B

[meagbuch]

Thank you

[bdobbins]

Happy to help you