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

Author Question: In general, the deadweight loss associated with an import tariff or quota becomes relatively larger ... (Read 212 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
In general, the deadweight loss associated with an import tariff or quota becomes relatively larger when:
 
  A) supply and demand are inelastic.
  B) supply is elastic and demand is inelastic.
  C) demand is elastic and supply is inelastic.
  D) supply and demand are elastic.

Question 2

If any of the assumptions of perfect competition are violated,
 
  A) supply-and-demand analysis cannot be used to study the industry.
  B) graphs with flat demand curves cannot be used to study the firm.
  C) graphs with downward-sloping demand curves cannot be used to study the firm.
  D) there may still be enough competition in the industry to make the model of perfect competition usable.
  E) one must use the monopoly model instead.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


Beheh

  • Hero Member
  • *****
  • Posts: 520
Reply #2 on: Jul 1, 2018
Thank you :)


swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

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.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

The general survey includes assessing every patient for signs of distress. The general survey includes assessing every patient for signs of distress.
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
Myths and Facts About Weight Loss Myths and Facts About Weight Loss
Potential Consequences of Estrogen Loss Related to Menopause Potential Consequences of Estrogen Loss Related to Menopause
The primary windings are inside the secondary windings on this General Motors coil. The primary windings are inside the secondary windings on this General Motors coil.
The assembly of general transcription factors required for the initiation of transcription by RNAP I The assembly of general transcription factors required for the initiation of transcription by RNAP I
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library