A tax will ______. a) lower price and raise supply b) lower price and lower supply c)
Question:
A tax will ______.
a) lower price and raise supply
b) lower price and lower supply
c) raise price and lower supply
d) raise price and raise supply
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The correct answer is c raise price and lower supply Explanation When a tax is imposed on a ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Business Taxes: In this exercise, suppose that your hamburger business McWendys has a homothetic decreasing returns to scale production function that uses labor and capital k to produce hamburgers x...
-
Last Sale Net Bid Ask Open Int Puts Last Sale Net bid Ask Vol Open Int 16Aug 155.00(1619H155-E) 6.45 0.75 6.95 7.25 9 16Aug 155.00(1619T155-E) 1.18 (0.75) 1.17 1.25 61 4505 16Aug 166.00(1619H160-E)...
-
Review the reading below and provide one paragraph introduction and one paragraph conclusion Honda company overview Honda is a Japanese public multinational corporation. It is not limited to any...
-
Carter Co. has a value of $80 million. Buleigh is otherwise identical to Carter Co., but has $32 million in debt. Suppose that both firms are growing at a rate of 5%, the corporate tax rate is 38%,...
-
The following consolidated income statement s and balance sheets are available for Azure Inc.: Azure Inc. consolidated income statement s Azure Inc. Consolidated Balance Sheets Required: 1. Explain...
-
Find two different spanning trees for each graph in Problems 1320. A E B D F I J G H
-
Why is it advisable to obtain a written confession from the subject of an investigation?
-
Price and efficiency variances, journal entries. The Monroe Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing...
-
Problem 4. Consider the following imperfect information game. Notice that both play- ers have two information sets. 5,2 1 a b 2 t 1 d d 4,3 6.0 4,6 0,4 6,0 (a) Find all subgame perfect Nash...
-
When demand is relatively inelastic and supply is relatively elastic, the burden of a tax will be borne ______. a) mainly by sellers b) mainly by buyers c) equally between sellers and buyers d) it is...
-
If supply is perfectly inelastic, a tax increase is borne _______. a) only by the buyer b) only by the seller c) mostly by the buyer d) mostly by the seller
-
Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the monthly demand is 240 when the price is $900. However, when the price is $850, the monthly demand...
-
List and briefly describe 5 type of payment system.
-
What are the historical origins and values of family law in Canada? In British Columbia which courts deal with the family law issues of guardianship support and division of property What are the...
-
What are some torts that would also affect family law proceedings. For example could someone claim unjust enrichment as an affirmative defense in a family law proceeding?
-
Who are the traditional providers of payment services in the world?
-
What are the most common online payment systems are and how they function?
-
How would you carry out the following reactions? More than one step may be required. (a) 3-Hexyne 3-Hexanone (b) Benzene m-Bromo acetophenone (c) Bromobenzene Acetophenone (d) 1-Methylcyclohexene ...
-
In the circuit shown in Figure 4, a battery supplies a constant voltage of 40 V, the inductance is 2 H, the resistance is 10, and l(0) = 0. (a) Find l(t). (b) Find the current after 0.1s.
-
For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity of each firms shares demanded equals the quantity supplied. So, if...
-
What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?
-
Assume that demand for a commodity is represented by the equation P = 10 .2Qd and supply by the equation P = 2 + .2Qs, where Qd and Qs are quantity demanded and quantity supplied, respectively, and...
-
What is one challenge associated with computing Return on Investment (ROI)?
-
Luna wants enough life insurance to cover $30,000 per year until her 8-year-old turns 18. Using the Capital Drawdown method, what life insurance is recommended to meet Luna's needs?
-
An insurance claim for a dental procedure was $573. If a in-network provider would have been used for the procedure, the claim would have been $118? If a perferred provider would have been used, what...
Study smarter with the SolutionInn App