Imposing a tax on sales of a product
A) shifts the market demand curve for the product.
B) shifts the market supply curve for the product.
C) shifts both the market supply and demand curve for the product.
D) has no effect on either the market demand or the market supply curve for the product.
Question 2
Federal antitrust laws in the United States are intended to
A) promote competition by prohibiting monopolies.
B) increase corporate earnings.
C) create new monopolies.
D) create only government-owned monopolies.
Ebbinghaus’s forgetting curve
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