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 140 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
Gracias!


raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

For a complete list of videos, visit our video library