The graph shown demonstrates a tax on buyers. Before the tax was imposed, the buyers purchased ____ units and paid _____ for each one.
A. 6; $22
B. 6; $34
C. 9; $18
D. 9; $30
D. 9; $30
Economics
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A) have the same effect as an import ban. B) violate the spirit of international trade agreements. C) are illegal under the international trading rules. D) all of the above.
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Output supply is more responsive to price in the short run than in the long run. ?
Answer the following statement true (T) or false (F)
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A fundamental reason that governments provide public goods is that
A) those goods are subject to the free-rider problem. B) negative externalities are part of the production process of those goods. C) public goods are merit goods. D) those goods are perfectly divisible.
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Explain Say’s law.
What will be an ideal response?
Economics