This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price of crude oil rose to over 100 per barrel in early 2013. What would we expect to see happen ... (Read 56 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
The price of crude oil rose to over 100 per barrel in early 2013. What would we expect to see happen to the supply of plastic, which is produced using crude oil?
 
  A) The supply of plastic will increase.
  B) The supply of plastic will decrease.
  C) The supply of plastic will stay the same because the government requires plastic producers to meet statutory minimum production levels.
  D) The supply of plastic will stay the same because of the profit motives of plastic producers.

Question 2

Legislators are indifferent about placing a unit tax on the suppliers of a good or the demanders. If a tax is placed on the suppliers of the good _____
 
  a. suppliers will pay the entire tax
  b. suppliers will pay more than if the tax were initially placed on the demanders
  c. suppliers will pay exactly what they would pay if the tax were initially placed on the demanders
   d. suppliers will pay less than if the tax were initially placed on the demanders


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

c


Jramos095

  • Member
  • Posts: 528
Reply 2 on: Jul 1, 2018
Gracias!

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old. The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old.
In early industrialization, children worked alongside adults. They worked 12 hours a day Monday to ... In early industrialization, children worked alongside adults. They worked 12 hours a day Monday to ...
One of the best examples of charismatic authority is Joan of Arc. In this painting from the early ... One of the best examples of charismatic authority is Joan of Arc. In this painting from the early ...
Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
Drugs for Early and Moderate Heart Failure Drugs for Early and Moderate Heart Failure
Polyps, or abnormal growths, on the lining of the large intestine may indicate early stages of colon Polyps, or abnormal growths, on the lining of the large intestine may indicate early stages of colon
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library