The table gives the demand and supply schedules for cookies. The government now levies a $0.30 tax on cookies. As a result, the price of a packet of cookies increases by ________ and the tax revenue collected is ________ a week

A) $0.20; $24
B) $0.10; $9
C) $0.20; $20
D) $0.30; $30

A

Economics

You might also like to view...

The greater the economic freedom in a country, the higher is the index of human development

a. True b. False Indicate whether the statement is true or false

Economics

Suppose in some economy there are 100 million workers; 10 million of those workers work in retail trade, and 1 million of the retail workers belong to unions. Total union membership in this economy is 40 million. The rate of unionization in retail trade

is: A. 1 percent. B. 10 percent. C. 40 percent. D. 100 percent.

Economics