A tax on the buyers of coffee will
a. increase the price of coffee paid by buyers, increase the net price of coffee received by sellers, and increase the equilibrium quantity of coffee.
b. decrease the price of coffee paid by buyers, increase the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee.
c. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee.
d. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and increase the equilibrium quantity of coffee.
C
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The M1 definition of the money supply includes currency,
a. checkable deposits, and savings accounts. b. checkable deposits, and credit cards. c. checkable deposits, and debit cards. d. and checkable deposits.
The M1 definition of the money supply includes:
a. coins and currency in circulation. b. coins and currency in circulation and checkable deposits. c. Federal Reserve notes, gold certificates, and checkable deposits. d. Federal Reserve notes and bank loans.