If the government tried to implement a total ban on pollution:
a. output prices would decrease

b. output prices would increase.
c. production would increase.
d. production would be unchanged.

b

Economics

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A situation in which there is a reduction in quantity supplied to zero when there is the slightest decrease in price is

A) perfectly elastic supply. B) perfectly elastic demand. C) perfectly inelastic supply. D) perfectly inelastic demand.

Economics

The Laffer curve represents the relationship between real GDP and various possible tax rates

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

Economics