In a competitive market equilibrium the ________ equals the ________ of the last unit sold

In the United States, although people in different income groups pay different tax rates, every dollar earned by a specific individual is taxed at the same rate

Indicate whether the statement is true or false

When the market clearing price of gasoline after a hurricane spikes to $6.00 but legislators enact "anti-gouging" legislation that keeps prices at $4,

A) consumers as a whole will tend to benefit. B) producers will have less incentive to bring gasoline to the areas where gasoline is most highly valued. C) government will ensure that no shortages will develo