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Author Question: If the penalty on sellers of an illegal good is less than the penalty on buyers of an illegal good, ... (Read 88 times)

beccaep

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on: Jun 29, 2018
If the penalty on sellers of an illegal good is less than the penalty on buyers of an illegal good, then supply of the good will ________ by ________ demand and the price of the good will ________.
 
  A) increase; more than; increase
  B) decrease; more than; decrease
  C) decrease; less than; decrease
  D) decrease; the same amount as; remain the same

Question 2

In the above figure, the slope at point b
 
  A) lies between 1/3 and 1.
  B) equals 1.
  C) lies between 1 and 2.
  D) exceeds 2.


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nixon_s

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

C

Answer to Question 2

A


beccaep

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Reply 2 on: Jun 29, 2018
Gracias!

scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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