A tax levied on the sellers of blueberries
a. increases sellers' costs, reduces profits, and shifts the supply curve up.
b. increases sellers' costs, reduces profits, and shifts the supply curve down.
c. decreases sellers' costs, increases profits, and shifts the supply curve up.
d. decreases sellers' costs, increases profits, and shifts the supply curve down.
a
You might also like to view...
The direct exchange of one good or service for another is called
A) a token exchange. B) a standard of deferred payment. C) the exchange of purchasing power. D) barter.
By the early sixteenth century, the center of wealth and commerce of Europe had shifted:
a. from the Baltic to the Mediterranean. b. from the Mediterranean to the Atlantic. c. from Italy to North Africa. d. from France to Africa.
Which of the following is an example of a fixed cost for a fishing company?
a. The cost of hiring a fishing crew. b. The monthly loan payment on the boat. c. The supply of nets, hooks, and fishing lines. d. The fuel costs of running the boat.
The larger the expansionary gap, the greater the pressure on what?
a. exchange rate b. real wages c. price level d. interest rates