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Author Question: Recently, many cities have attempted to pass laws taxing the sale of sugary drinks such as soda pop. ... (Read 183 times)

mwit1967

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  • Posts: 501
on: Jul 1, 2018
Recently, many cities have attempted to pass laws taxing the sale of sugary drinks such as soda pop. If one of these laws passes, we would expect
 
  A) the supply curve for soda pop to shift to the right.
  B) the supply curve for soda pop to become more vertical.
  C) the demand curve for soda pop to shift to the right.
  D) the demand curve for soda pop to shift to the left.

Question 2

If reckless drivers are more likely to buy automobile insurance than safe drivers are,
 
  A) a moral hazard has occurred.
  B) adverse selection has occurred.
  C) the market for insurance is efficient.
  D) then automobile insurance will be fairly priced.


Pariscourtney

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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