Author Question: If penalties are imposed only on buyers (but not on sellers) of marijuana, the equilibrium price of ... (Read 151 times)

oliviahorn72 · **on:** Jun 29, 2018

If penalties are imposed only on buyers (but not on sellers) of marijuana, the equilibrium price of marijuana ________, and the equilibrium quantity of marijuana sold ________.

A) rise; increase
B) rise; decrease
C) fall; increase
D) fall; decrease

Question 2

The combinations of gasoline and coffee along one of Sam's indifference curves are combinations

A) which require the same total expenditure.
B) that he can afford with his 60.00 income.
C) among which he is indifferent.
D) that give him the same marginal rate of substitution.