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Author Question: If a tax of 1 a can is imposed on the buyers of sugary drinks, the demand for sugary drinks ______ ... (Read 157 times)

CBme

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on: Jun 29, 2018
If a tax of 1 a can is imposed on the buyers of sugary drinks, the demand for sugary drinks ______ and the price that buyers pay ______.
 
  A. doesn't change; doesn't change
  B. doesn't change; rises by 1 a can
  C. decreases; rises by more than 1 a can
  D. decreases; rises by less than 1 a can

Question 2

The budget deficit increases during wars and recessions.
 
  Indicate whether the statement is true or false


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Dunkey

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

D Figure 7.1(a) illustrates this result.

Answer to Question 2

TRUE


CBme

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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