Author Question: Recall the Application. The change in demand for cigarettes resulting from the decrease in taxes ... (Read 51 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
Recall the Application. The change in demand for cigarettes resulting from the decrease in taxes would normally create, ceteris paribus
 
  A) a decrease in their quantity supplied. B) a decrease in their supply.
  C) an increase in their supply. D) an increase in their quantity supplied.

Question 2

A hypothesis that assumes that people combine the effects of past policy changes on economic events and their own judgment about future effects of current and future policy changes is known as
 
  A) active expectations. B) modern expectations.
  C) rational expectations. D) adaptive expectations.



briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library