When a tax is placed on the buyers of cell phones, the size of the cell phone market

a. and the effective price received by sellers both decrease.
b. decreases, but the effective price received by sellers increases.
c. increases, but the effective price received by sellers decreases.
d. and the effective price received by sellers both increase.


a

Economics

You might also like to view...

What is a fractional reserve banking system? How long has the fractional reserve banking system been in existence?

What will be an ideal response?

Economics

"By producing at an output rate at which marginal revenue equals marginal cost, a firm is definitely making positive economic profits." Do you agree or disagree? Why?

What will be an ideal response?

Economics

Contrary to most thinking, governments play ____ in causing pollution.

A. almost no role B. a large but decreasing role C. a major role D. a reconstructive role

Economics

Statistical discrimination in the automobile insurance industry means that young male drivers who drive ________ will pay ________ rates relative to the claims they generate.

A. recklessly; higher B. slowly; lower C. carefully; lower D. carefully; higher

Economics