When a good is made illegal, which of the following definitely results in the price rising?
A) a much higher fine on sellers than on buyers
B) a much higher fine on buyers than on sellers
C) any fine imposed on both buyers or sellers
D) any fine imposed on buyers
A
You might also like to view...
A monopoly creates a deadweight loss because the monopoly produces less than the efficient quantity
Indicate whether the statement is true or false
Which of the following would shift the FE line to the right?
A) An adverse supply shock B) An increase in labor supply C) A decrease in the capital stock D) An increase in the future marginal productivity of capital
The aggregate supply curve shows the relationship between the price level and the level of real GDP produced by the nation's economy
a. True b. False Indicate whether the statement is true or false
Assume that Sharon purchases $5,000 worth of a stock. To do so she uses $1,000 of her own money and borrows the remaining $4,000 at a 7.0 percent interest rate. If the stock’s value decreases by 10 percent in one year and she has to sell the stock at that time, what is her rate of return?
A. ?10 percent B. ?50 percent C. ?78 percent D. ?156 percent