A tax on suppliers will cause the equilibrium price paid by the consumer to ________ and the equilibrium quantity to ________.
A. increase, increase
B. decrease, decrease
C. increase, decrease
D. decrease, increase
Answer: C
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The euro, a common currency for most of the nations of Western Europe, was introduced
A) before 1900. B) before 1990. C) before 2000. D) in order to snub the pride of the U.S. E) in order to fix currencies in terms of the U.S dollar.
When decision rights are decentralized, typically
a. decisions are being moved to those with less of the relevant information b. decisions are being moved from those with stronger incentives to make good decisions c. decisions are being moved from those with more of the relevant information d. decisions are being moved from those with weaker incentives to make good decisions
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a. will be zero when the federal budget is balanced. b. has been shrinking in the last 30 years. c. is equal to the government's budget deficit. d. can grow without negative economic effects. e. is a flow measure while the deficit is a stock measure.