If a college admits only a fixed number of applicants every year, then the school's supply curve for admissions is:

A safety measure whose benefits outweigh its costs is called a ________

Fill in the blank(s) with correct word

Suppose the demand curve for a good is downward sloping and the supply curve is upward sloping. At the market equilibrium, if demand is more elastic than supply in absolute value, a $1 specific tax will

A) raise the price to consumers by 50 cents. B) raise the price to consumers by less than 50 cents. C) raise the price to consumers by more than 50 cents. D) raise the price to consumers by $1.