Government regulations A) have no impact on supply. B) only ...

[K@]

Government regulations
 
  A) have no impact on supply.
  B) only change the quantity supplied, not the supply curve.
  C) are generally ineffective due to lobbying by suppliers.
  D) can change both quantity supplied as well as the supply curve.

Question 2

Who will bear the burden of a 0.05 tax placed on soda suppliers (consumer or seller) in a soda market where Qd = 225-10P and Qs = 50 + 15P?
 
  A) Consumers pay 0.30 of the tax, bearing the burden.
  B) Consumers pay 0.25 of the tax, bearing the burden.
  C) Sellers pay 0.20 of the tax and bear the burden.
  D) Sellers pay all of the tax and bear the burden.

[cclemon1]

Answer to Question 1

D

Answer to Question 2

A