A consumer values a car at $30,000 and a producer values the same car at $20,000 . The transaction will not take place if a tax is imposed
a. equal to the seller surplus
b. smaller than the total surplus
c. larger than the total surplus
d. smaller than the buyer surplus
c
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If Congress instituted an investment tax credit, the demand for loanable funds would shift rightward
a. True b. False Indicate whether the statement is true or false
Compared to the poverty rate for non-Hispanic whites, the poverty rate for Hispanics is almost _______.
Fill in the blank(s) with the appropriate word(s).
The demand for a resource is influenced by each of these factors except
A. the price of that resource. B. the price of the substitute resources. C. the demand for the final product. D. the productivity of that resource.
Consumers who actually purchase a good either were willing to pay that price or more.
Answer the following statement true (T) or false (F)