Because pollution taxes raise production costs, the ________ curve ________.
A. supply; shifts to the right
B. supply; shifts to the left
C. supply; does not change
D. demand; shifts to the right
Answer: B
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Given a price elasticity of demand of -0.33, a decrease in price will
A) reduce total revenue. B) increase total revenue. C) leave total revenue unchanged. D) decrease quantity.
Refer to Figure d, which illustrates a game played by Travis and Darren. For Darren, East is:
A. the best response.
B. the dominant strategy.
C. weakly dominated.
D. dominated.
What is the initial impact on reserves of a $2,000 deposit if the reserve ratio is 10%?
a. $200 in excess reserves and $1,800 in required reserves b. $1,800 in excess reserves and $200 in required reserves c. $2,00 in excess reserves and zero required reserves d. zero excess reserves and $2,000 in required reserves
Use the following given market-for-money diagrams to answer the next question.
The asset demand for money is shown by
A. D1. B. D2. C. D3. D. S.