This topic contains a solution. Click here to go to the answer

Author Question: The government decided to reduce taxes on fast-food to increase revenue. The government assumes that ... (Read 141 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have
 a. An inelastic demand
 b. An elastic demand
 c. A demand curve that is upward sloping
  d. Unitary elastic demand curve

Question 2

If the apartment owner decides to fine both the roommates if the apartment is dirty, such that now if neither of them clean they each get a 5 utility loss, what would the new equilibrium be now?
 a. John cleans, Joe doesn't
 b. Joe cleans, John doesn't
 c. Neither of them clean the apartment
  d. Both A&B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

b

Answer to Question 2

d




Pea0909berry

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
Wow, this really help


Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library