This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following outcomes is NOT a result of a tax imposed on sellers of gasoline? A) ... (Read 101 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jun 29, 2018
Which of the following outcomes is NOT a result of a tax imposed on sellers of gasoline?
 
  A) Supply decreases, a deadweight loss is created, and the price rises.
  B) The market becomes less efficient and the government collects the tax revenue.
  C) Demand does not change, the price rises, and consumer surplus decreases.
  D) Demand decreases, the market becomes more efficient, and the price rises.

Question 2

A market structure in which a small number of firms compete is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) oligopoly.
  D) monopoly.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


ericka1

  • Member
  • Posts: 544
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Unique communities may result from distinct environmental conditions. Unique communities may result from distinct environmental conditions.
A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ... A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ...
A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ... A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ...
This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ... This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ...
Pulmonary Congestion, which May Result from Congestive Heart Failure Pulmonary Congestion, which May Result from Congestive Heart Failure
Outcomes of Bacterial Conjugation Outcomes of Bacterial Conjugation
Video: Eczema

For a complete list of videos, visit our video library