About how much of the tax is paid by the sellers?
A. 20 cents
B. 50 cents
C. $1
D. $1.80
D. $1.80
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Which federal agency publishes the United States' unemployment figures?
A) The Bureau of Labor Statistics B) Health and Human Services C) the Senate Committee on Labor Relations D) the Federal Reserve
If good weather conditions result in a larger than normal crop of peaches, then the
A) equilibrium price of peaches rises, and the equilibrium quantity of peaches increases. B) equilibrium price of peaches falls, and the equilibrium quantity of peaches increases. C) demand curve for peaches shifts leftward. D) increase in the supply of peaches induces a greater demand for peaches, so that the equilibrium price rises and the equilibrium quantity increases. E) equilibrium price of peaches falls, and the equilibrium quantity of peaches decreases.
The model of the market for loanable funds shows that an investment tax credit will cause interest rates to rise and investment to rise. Yet we also suppose that higher interest rates lead to lower investment. How can these two conclusions be reconciled?
Which of the following occurs when a market is in equilibrium?
A. The price of the good will tend to rise, all else held constant. B. The price of the good will tend to fall, all else held constant. C. Quantity supplied is equal to quantity demanded. D. Quantity supplied is more than quantity demanded to satisfy all consumers.