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

Author Question: Excess quantity demanded may result from A) a government-imposed minimum price above market ... (Read 199 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
Excess quantity demanded may result from
 
  A) a government-imposed minimum price above market equilibrium.
  B) a government-imposed maximum price below market equilibrium.
  C) an oversupply of output.
  D) technological progress.

Question 2

Which of the following is TRUE about the effects of an excise tax if consumers are totally unresponsive to price changes?
 
  A) Consumers pay all of the excise tax.
  B) Producers pay all of the excise tax.
  C) Consumers and producers share the excise tax equally.
  D) Neither consumers nor producers pay the excise tax.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Caiter2013

  • Hero Member
  • *****
  • Posts: 607
Reply #2 on: Jun 29, 2018
Thank you


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Gangrene of the toes and foot as a result of an infection often means eventual amputation. Gangrene of the toes and foot as a result of an infection often means eventual amputation.
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
Cretinism can result in a child born to a mother who was iodine deficient during early pregnancy Cretinism can result in a child born to a mother who was iodine deficient during early pregnancy
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library