Relating to the Economics in Practice on page 340: Europe has a carbon tax, and electricity producers are among the largest of the carbon producing firms. The carbon tax increased the price of electricity, and researchers found that the amount of the tax that was actually passed through to consumers reflected a ________ aggregate demand for electricity.
A. very inelastic
B. unit elastic
C. perfectly inelastic
D. slightly elastic
Answer: A
Economics
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In the figure above, ________ is a technologically efficient point
A) d B) f C) g D) None of the selections is correct.
Economics
Which would be considered to be one of the factors that shift the aggregate supply curve in the short run? A change in:
A. Personal income taxes B. Consumer spending C. Government regulation D. Profit expectations on investment projects
Economics