The fraction of prostitutes who were victims of childhood incest is estimated to be

Suppose the demand for saline solution is perfectly inelastic for contact lens wearers

If the government imposes a tax on saline solution, what occurs? Be sure to tell what happens to the price paid by the buyers and discuss the incidence of the tax.

If firms in a price-taker industry were forced to install antipollution devices that increased their production costs, we should expect

A) the cost curves for the firms in this industry to shift downward. B) the market price of the product to decrease. C) that the firms in the industry would suffer long-run economic losses. D) that the firms in the industry would earn normal economic profits in the long run, as the higher production costs were passed along to consumers in the form of higher prices.