Suppose the government imposes a 20-cent tax on the sellers of artificially-sweetened beverages. The tax would shift
a. demand, raising both the equilibrium price and quantity in the market for artificially-sweetened beverages.
b. demand, lowering the equilibrium price and raising the equilibrium quantity in the market for artificially-sweetened beverages.
c. supply, raising the equilibrium price and lowering the equilibrium quantity in the market for artificially-sweetened beverages.
d. supply, lowering the equilibrium price and raising the equilibrium quantity in the market for artificially-sweetened beverages.
c
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One of the principles behind the concept of the circular flow is that
A) in every economic exchange, the seller receives exactly the same amount that the buyer spends. B) in every economic exchange, the seller receives less than the amount that the buyer spends. C) in exchange involving products, the seller receives less than the amount the buyer spends, but in resource markets the seller receives more than the buyer spends. D) the seller of goods receives exactly the same amount that the buyer spends, but the seller of resources receives less than the buyer spends.
Which legal claim comes with the most preferential treatment in the payment of dividends?
A) common stock B) preferred stock C) bond D) reinvestment