A $1.50 tax levied on the buyers of pomegranate juice will shift the demand curve
a. upward by exactly $1.50.
b. upward by less than $1.50.
c. downward by exactly $1.50.
d. downward by less than $1.50.
c
Economics
You might also like to view...
If rent seeking was, on average, a losing proposition, _____
a. rent seekers would exit rent seeking until losses from rent seeking equaled zero b. rent seeking would stop because it was no longer profitable c. rent seekers would increase competition for scarce benefits d. rent seeker would exit rent seeking until there is a normal rate of return to rent seeking
Economics
Money fails to act as a store of value when:
a. it is no longer backed by gold. b. the inflation rate is very high. c. the goods produced in an economy are indivisible. d. the economy goes into a recession. e. coins are replaced by paper money.
Economics