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Author Question: You observe that the price of a good rises and the quantity decreases. These observations can be the ... (Read 118 times)

james9437

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on: Jun 29, 2018
You observe that the price of a good rises and the quantity decreases. These observations can be the result of the
 
  A) demand curve shifting rightward.
  B) demand curve shifting leftward.
  C) supply curve shifting rightward.
  D) supply curve shifting leftward.

Question 2

The above figure shows the market for neckties. Based on the graph, how much tax per necktie has been imposed by the government?
 
  A) 1.25 per tie
  B) 1.00 per tie
  C) 0.75 per tie
  D) More information is needed to determine the tax that the government has imposed.


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mjenn52

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

D

Answer to Question 2

B


james9437

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

alvinum

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Reply 3 on: Yesterday
Excellent

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