If there was an increase in the excise tax imposed on guitar suppliers, what would be the effect on the equilibrium price and quantity of guitars?
a. Price increases; quantity decreases
b. Price decreases; quantity decreases
c. Price increases; quantity increases
d. Price decreases; quantity increases
A
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Which of the following is an example of industrial policy?
a. Government imposing a high rate of taxes on the profits of large corporate houses b. Government spending more on the construction of roads and bridges than on education c. Government imposing a high rate of taxes on the import of goods and services d. Government charging lower rate of taxes on the import of goods and services e. Government selling imported cash crops at a subsidized rate
In addition to requiring that CEOs personally certify the accuracy of financial statements, the Sarbanes-Oxley Act of 2002 also requires that
A) CEO's conduct audits of their corporations themselves. B) firms raise funds for expansion through the sale of bonds only, not stocks. C) auditors disclose any potential conflicts of interest. D) corporations issue financial statements monthly rather than quarterly.