A vertical demand curve results in
A) no change in quantity when the supply curve shifts.
B) no change in price when the supply curve shifts.
C) no change in the supply curve being possible.
D) no change in quantity when the demand curve shifts.
A
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The following data represent a personal income tax schedule. Answer the next question on the basis of this information.Taxable IncomeTotal Tax$15,000$1,50030,0003,50060,0009,000120,00035,000As income increases, the marginal tax rate
A. has no definite pattern. B. increases. C. remains constant. D. decreases.
What two things must governments be able to do to regulate pollution and create a market for pollution?
a. easily identify polluters and monitor their behavior b. easily identify polluters and what pollution they are putting into the air and water c. easily identify polluters and know their cost structure to charge them accordingly d. none of the above
From 1979-2007, the share of market income for the bottom 99 percent of U.S. households decreased.
Answer the following statement true (T) or false (F)
For profit-maximizing monopolies, explain why the boundaries on the Lerner Index are 0 and 1
What will be an ideal response?