The basic effect of a tax on a service is to _____ that service.
A. decrease the supply of
B. increase the supply of
C. decrease the demand for
D. increase the demand for
A. decrease the supply of
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Refer to the graphs above. Which of the following best represents negative demand shock when prices are inflexible?
A.
The shift from D2 to D3 in graph B
B.
The shift from D2 to D3 in graph A
C.
The shift from D2 to D1 in graph B
D.
The shift from D2 to D1 in graph A
The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the price elasticity of demand?
A) 0.5 B) 0.6 C) 0.9 D) 2.1 E) 8.6
Many cities in the United States use rent controls designed to make housing affordable for their citizens. a . Explain how rent controls can lead to the conversion of existing rental housing units to office space or parking lots. b. Explain how rent controls can lead to the deterioration of existing rental housing units
A Federal Reserve Bank is located in which of the following cities?
A) St. Louis, Missouri B) Richmond, Virginia C) Atlanta, Georgia D) San Francisco, California E) all of the above