Consider a system in which a person earning $10,000 pays $1,000 in taxes, a person earning $25,000 pays $1,000 in taxes and a person earning $60,000 pays $1,000 in taxes. What type of tax is this?

Figure 4-14

depicts the milk market. The horizontal line, P, represents a price ceiling imposed by the government. Which of the following is true?
a.
In equilibrium, the quantity demanded is 800 gallons.
b.
At the ceiling price, there is a surplus.
c.
The quantity demanded at the price ceiling will equal the quantity supplied.
d.
The equilibrium price would be $1 per unit without the price ceiling.
e.
The quantity sold will be 500 gallons.

A company might charge a customer different prices per unit, depending upon the number of units purchased. This is called

A. two-part tariff. B. bundling. C. block pricing. D. price discrimination.