If the market for a good consists of a downward sloping demand curve and a horizontal supply curve, consumers will pay the whole amount of a newly imposed tax.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If there are 48 million people in a country's labor force, and the number of potential adult workers in the country is 80 million, the labor force participation rate in the economy is:
A) 90 percent. B) 60 percent. C) 48 percent. D) 80 percent.
If the equilibrium price for a two-liter bottle of Coca-Cola is $1.50 today, just like it was ten years ago, can we safely say that all supply and demand conditions in the market for Coke have remained very stable all these years?
What will be an ideal response?
Variable costs
A) decrease with increasing output. B) increase with decreasing output. C) decrease with decreasing output. D) might increase or decrease with increasing output.
__________ is at the core of work-family interchange
a. Social support b. Passion c. Clarity d. Tagline