In the above figure, the amount of the tax per unit imposed on the sellers is
A) $0.50.
B) $1.00.
C) $1.50.
D) $2.00.
D
You might also like to view...
Last year, Casey grew fresh vegetables, which she sold at her local farmers market, but this year, Casey did not plant any vegetables and went to work at a bank instead. Which of the following best explains Casey's career change?
A. Casey's opportunity costs of gardening exceeded Casey's opportunity costs of working at the bank. B. Casey's opportunity costs of working at the bank exceeded Casey's benefits from gardening. C. Casey's opportunity costs of gardening exceeded Casey's benefits from working at the bank. D. Casey's opportunity costs of working at the bank exceeded Casey's opportunity costs of gardening.
The interest rate is:
A. only a return to borrowers. B. both a cost to savers and a return to borrowers. C. both a return to savers and a cost to borrowers. D. a cost to both savers and borrowers. E. only a cost to savers.
Refer to the figure above. The quota shown in the diagram equals
A) 200 units. B) 500 units. C) 1000 units. D) 1200 units.
If the demand for money increases as a result of a(n) _______ in the price level, the interest rate will ______.
a) increase; increase b) increase; decrease c) decrease; increase d) decrease; decrease