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 227 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?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

(A) Normal spongy bone. (B) Spongy bone with osteoporosis, which is characterized by a loss of bone (A) Normal spongy bone. (B) Spongy bone with osteoporosis, which is characterized by a loss of bone
General Biology General Biology
How to prove the derivative of the general logarithmic function How to prove the derivative of the general logarithmic function
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
GENERAL BIO IMAGES GENERAL BIO IMAGES
Creating a loss-of-function CFTR Creating a loss-of-function CFTR
Video: Hemodynamics Animation

For a complete list of videos, visit our video library