A sales tax imposed on sellers of a good
A) decreases the demand and shifts the demand curve rightward.
B) decreases the supply and shifts the supply curve leftward.
C) decreases both the demand and the supply and shifts both the demand and supply curves leftward.
D) decreases the supply and shifts the supply curve rightward.
E) has no effect on either the demand or the supply.
B
You might also like to view...
The decision in the U.S. Steel case:
A. reflected a behavioralist approach to antitrust. B. reflected a structuralist approach to antitrust. C. divided U.S. Steel into a number of smaller companies. D. ruled that U.S. Steel had engaged in illegal price-fixing.
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.If the players in the figure shown act in their own self-interest, then we know that Sarah will earn utility of:
A. 7. B. 6. C. 10. D. 15.
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
The estimated QUARTERLY increase in price is ________, and the estimated ANNUAL increase in price is ________ .
A. $0.60; $2.40 B. $1.50; $6.00 C. $0.80; $3.20 D. $1.40; $4.00 E. none of the above
What are economies of scale? What is the main source of economies of scale?
What will be an ideal response?