Producers may respond to a unit tax by _____
a. increasing the value of each unit
b. increasing the number of units sold
c. differentiating their product line
d. selling the product in bundles
a
Economics
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In a perfectly competitive market that is in long-run equilibrium, a permanent leftward shift in the market demand curve
A) raises the price in the short run. B) raises profits in the short run. C) leads to new firms entering the market in the long run. D) lowers the price at first but then raises it as firms leave the market.
Economics
What is the optimal scale of plant?
What will be an ideal response?
Economics