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

Author Question: The deadweight loss of a specific tax will be a small share of the tax revenue collected if: A) ... (Read 53 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Jul 1, 2018
The deadweight loss of a specific tax will be a small share of the tax revenue collected if:
 
  A) supply is more inelastic than demand.
  B) demand is more inelastic than supply.
  C) supply and demand are both elastic.
  D) supply and demand are both inelastic.

Question 2

Suppose the aggregate demand for housing in the U.S. includes a substantial speculative component. What happens of the expectations of speculators change, and they believe housing prices will not increase in the future?
 
  A) The aggregate demand curve shifts leftward, and the equilibrium market price declines.
  B) The aggregate demand curve shifts leftward, and the equilibrium market price increases.
  C) The speculative demand curve shifts leftward, but the aggregate demand curve is unchanged.
  D) There is no change in the current demand for housing because speculators' expectations are based on future events.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


futuristic

  • Hero Member
  • *****
  • Posts: 638
Reply #2 on: Jul 1, 2018
Correct answers!


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Small Greek Domestic Dog Small Greek Domestic Dog
Evaluation of a child for cystic fibrosis with a sweat chloride test. Sweat is being collected under Evaluation of a child for cystic fibrosis with a sweat chloride test. Sweat is being collected under
Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
Responses Produced by Activation of Specific Opioid Receptors Responses Produced by Activation of Specific Opioid Receptors
Digestion & Absorption in the Small Intestine Digestion & Absorption in the Small Intestine
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library