The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. Using the figure, how much tax revenue does the government raise?
A) $20,000
B) $40,000
C) $60,000
D) $80,000
B
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A monopolist maximizes total revenue at the quantity where marginal revenue equals zero
a. True b. False
If the price level increases, the money demand curve will
a. shift leftward b. become steeper c. remain in the same position; however, there will be movement upward along the curve d. shift rightward e. remain in the same position; however, there will be movement downward along the curve
Which of the following is correct?
A. Both the federal tax system and the state and local tax systems are regressive. B. The federal tax system is progressive, while the state and local tax systems are regressive. C. The federal tax system is regressive, while the state and local tax systems are progressive. D. Both the federal tax system and the state and local tax systems are progressive.
Ceteris paribus means
A) other variables are held constant. B) almost certainly. C) only if everything works just right. D) perhaps.