If a price floor of $23 were placed in the market in the graph shown:
A. a shortage of 37 would occur.
B. a shortage of 10 would occur.
C. a shortage of 27 would occur.
D. None of these would occur.
D. None of these would occur.
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Why is a tax inefficient?
What will be an ideal response?
Refer to the Article Summary. Colorado taxes marijuana with a 12.9% sales tax on buyers and a 15% wholesale excise tax on producers, or a total tax of 27.9%
Suppose the actual burden of the tax falls 80 percent on consumers and 20 percent on producers. In this case, consumers will actually bear the tax burden of about ________ percent of the selling price and producers will actually bear the tax burden of ________ percent of the selling price. A) 80; 20 B) 13; 15 C) 46; 54 D) 22; 6
Each of the three major waves in 19th-century railroad construction ended due to:
a. major financial crises in the U.S. b. the involvement of the U.S. in a military conflict. c. labor unrest that led to work stoppages. d. shortage of iron.
In Modigliani's life-cycle hypothesis, nearing or in retirement, a person's MPC tends to fall
Indicate whether the statement is true or false