The government proposes a tax on halogen light bulbs. Sellers will bear the entire burden of the tax if the
A) demand curve for halogen bulbs is vertical.
B) demand curve is downward sloping and the supply curve is upward sloping.
C) supply curve of halogen bulbs is horizontal.
D) demand curve for halogen bulbs is horizontal.
D
Economics
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When the demand for grapes increases and the supply of grapes decreases at the same time, we can predict that the: a. price of grapes will fall
b. price of grapes will rise. c. quantity of grapes exchanged will fall. d. quantity of grapes exchanged will rise.
Economics
If a country places tariffs on imported goods, then
a. its currency appreciates which reduces exports. b. its currency appreciates which increases exports. c. its currency depreciates which reduces exports. d. its currency depreciates which increases exports.
Economics