Assume Congress passes a new tax of $2.00 per pack on cigarettes. The effect on the supply curve is a(n):
a. decrease in supply. b. increase in supply.
c. decrease in quantity supplied. d. increase in quantity supplied.
a
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M2 includes:
a. Any financial assets that can be spent on real goods and services. b. Checking accounts plus Deposits at the central bank. c. Currency in circulation + Reserves of financial intermediaries (e.g., banks) + Checking Accounts + Near Money. d. Currency in circulation + Checking Accounts e. Currency in circulation + Checking Accounts + Near Money.
Refer to the diagrams that show identical marginal utility from income curves for Singer and Catalano. The marginal utility from income curves are drawn on the assumption that:
A. Singer buys more inferior goods than does Catalano.
B. Singer and Catalano have identical capacities to enjoy income.
C. Catalano has a greater capacity to enjoy income than does Singer.
D. Singer has a greater capacity to enjoy income than does Catalano.