A sales tax imposed on tires ________ consumer surplus and ________ producer surplus
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
E) does not change; does not change
D
Economics
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A reduction in expected inflation will result in all of the following EXCEPT:
A) lower nominal interest rates B) lower real interest rates C) reduced demand for bonds D) increased supply of bonds
Economics
Suppose there are 100 firms of equal size currently sharing the market for peanut butter. If 12 of these firms merge, how much will the Herfindahl-Hirschman Index change?
a. increase by 144 b. decrease by 144 c. increase by 132 d. decrease by 132 e. increase by 232
Economics