The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The government would raise more tax revenue from this excise tax if
A) the demand was more inelastic.
B) it places a price ceiling on blouses in addition to the tax.
C) it places a price floor on blouses in addition to the tax.
D) all of the above.
A
Economics
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According to this Application, between 2006 and 2009, Chinese demand for pecans increased by roughly ________ percent
A) 79 B) 90 C) 456 D) 877
Economics
Suppose the world price of a good is $4. Based on the table below, the country would
Price Q Demanded Q Supplied 2 100 70 4 95 75 6 90 80 8 85 85 10 80 90 12 75 95 A) import 20 units. B) export 20 units. C) import 10 units. D) export 10 units.
Economics