Use the following supply and demand graph for product X to answer the question below.
What would happen if the government taxed the producers of this product because it has negative externalities in production?
A. price would decrease
B. demand would decrease
C. supply would decrease
D. supply would increase
Answer: C
Economics
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A. equations. B. words. C. graphs. D. physical objects.
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A) larger than the marginal benefit B) not related to the marginal benefit C) smaller than the marginal benefit D) equal to the marginal cost and the marginal benefit E) equal to the marginal benefit
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Commodity money has intrinsic value
Indicate whether the statement is true or false
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What is the price elasticity of demand at any point on a perfectly elastic demand curve?
Economics