If the government imposes a $3 tax in a market, the buyers and sellers will share an equal burden of the tax

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

False

Economics

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In 2008, the financial and housing crisis caused firms to decrease their profit expectations. As a result, there was a ________ in the ________ for loanable funds curve

A) leftward shift; demand B) movement upward along; demand C) leftward shift; supply D) movement downward along; supply

Economics

Assuming there is a rise in supply of copper, if the market for copper is allowed to adjust, the ultimate result will be:

A) an increase in price and an increase in the quantity demanded. B) an increase in price and an increase in the quantity supplied. C) a decrease in price and an increase in the quantity demanded. D) a decrease in price and an increase in the quantity supplied.

Economics