Refer to Scenario 8.2. The result of the tax in the long run will be that
A) Q falls from 30,000; P rises by less than $20,000.
B) Q falls from 30,000; P rises by $20,000.
C) Q falls from 30,000; P does not change.
D) Q stays at 30,000; P rises by $20,000.
E) Q stays at 30,000; P rises by less than $20,000.
A
Economics
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Refer to Figure 12-10. The firm's short-run supply curve is its
A) marginal cost curve. B) marginal cost curve from d and above. C) marginal cost curve from b and above. D) marginal cost curve from c and above.
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A variable that tends to move later than aggregate economic activity is called
A) a leading variable. B) a coincident variable. C) a lagging variable. D) an acyclical variable.
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