A $10 per-unit tax on cell phones raises the equilibrium price paid by consumers by $5. Before the tax, 5,000 cell phones were sold per year. The revenue from the tax is
A) zero.
B) positive but less than $50,000 per year.
C) $50,000 per year.
D) more than $50,000 per year.
B
Economics
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Financial firms whose loans are often $100 or less operate in ________
A) the microcredit market B) the hedge fund industry C) the macrofinance market D) the credit union sector
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According to Walton and Rockoff, all of the following were among Jefferson's main goals for land policy except:
a. To assure clear property rights to the land owned by individuals. b. To drive Indians off the land and secure it for American settlers. c. To provide revenues to the federal government through sales. d. To spread democratic institutions.
Economics