Author Question: Suppose that today, consumers expect the price of a gallon of gasoline to double in the future. Then ... (Read 117 times)

joblessjake · **on:** Jun 29, 2018

Suppose that today, consumers expect the price of a gallon of gasoline to double in the future. Then today the gasoline

A) demand curve will shift to the right.
B) demand curve will shift to the left.
C) supply curve will shift to the right.
D) supply curve will shift to the left.

Question 2

Dynamic tax analysis is based on the recognition that as tax rates are increased

A) tax revenue collections will eventually decline.
B) tax revenue collections will continually increase.
C) tax revenue collections will change at the same rate as the tax rates.
D) tax revenue collections will increase at a faster rate than the tax rate change.