Question: Could you please answer with True or False for each of the questions below and explain your answer shortly? 1. True or False Goods are

Could you please answer with True or False for each of the questions below and explain your answer shortly?

1. True or False Goods are scarce because the prices are too high. We could eliminate

scarcity and destructive competition by using the law to change prices.

2. True or False The ultimate cause of price changes of consumer goods is the change

in the price of the inputs used in production.

3. True or False The burden of a sales tax will fall on whoever the government collects

the money from.

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