When a tax is imposed on a good, consumer surplus decreases and producer surplus remains unchanged
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the FOMC decides to engage in the selling of government bonds, what is the effect on the money supply?
A) a decrease B) an increase C) an initial increase followed by an additional rise when the bonds mature D) no change
Economics
If the competitive firm maximizes profit by selecting labor rather than output, it will earn greater economic profit
Indicate whether the statement is true or false
Economics
A relationship between two variables in which one variable increases at the same time as the other decreases is called
A) nonlinear. B) constant. C) inverse. D) direct.
Economics
Which of the following price ceilings would be binding in this market?
A. $14 B. $12 C. $8 D. $10
Economics