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Author Question: Excess quantity demanded may result from A) a government-imposed minimum price above market ... (Read 211 times)

Caiter2013

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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.


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firehawk60

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Caiter2013

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Reply #2 on: Jun 29, 2018
Thank you


firehawk60

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Reply #3 on: Jun 29, 2018
No problemo


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