Author Question: Which of the following outcomes is NOT a result of a tax imposed on sellers of gasoline? A) ... (Read 24 times)

ericka1 · **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.