A tax on buyers
What will be an ideal response?
- Lowers amt they are willing to pay sellers, decreases demand and shifts D curve leftward
- To determine new demand curve = max price buyers are willing to pay - tax
Economics
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All of the following except ____ are shortcomings of cost-benefit analysis
a. difficulty in measuring third-party costs b. difficulty in measuring third-party benefits c. failure to consider the time value of benefits and costs d. difficulty of accounting for program interactions e. a and b
Economics
Under what conditions might government intervention in a market economy improve the economy's performance?
Economics