If the government removes a tax on suppliers, then this will cause the ________ schedule to shift ________.
A. demand, right
B. demand, left
C. supply, right
D. supply, left
Answer: C
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Refer to Tax Problem. The deadweight loss due to a $10 per unit consumption tax is
Consider a perfectly competitive market were demand is Q = 100 - P and Supply is Q = P - 10. a. zero. b. $10. c. $25. d. $50.
Which of the following statements is true?
a. Expected inflation rate = real interest rate - nominal interest rate. b. Nominal interest rate = real interest rate + expected inflation rate. c. Real interest rate = nominal interest rate + expected inflation rate. d. Nominal interest rate = real interest rate - expected inflation rate. e. Expected inflation rate = nominal interest rate + real interest rate.
Falling output, in the short run, could be due to:
A. a reduction in aggregate demand. B. an increase in short-run aggregate supply. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.
Sales maximization by a firm most often serves the interests of the firm's
a. stockholders. b. creditors. c. managers. d. unskilled laborers.