Buyers will bear the entire burden of a unit tax if the demand curve for a product is
A) upward sloping. B) horizontal.
C) downward sloping. D) vertical.
D
Economics
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The crowding in of private investment is associated with: a. a leftward shift of the aggregate demand curve for an economy
b. a leftward shift of the aggregate supply curve of an economy. c. a reduction in the level of government spending. d. a reduction in corporate income taxes. e. an increase in aggregate demand induced by increased government borrowing.
Economics
Some economists who consider monopoly to be both inevitable and bad are inclined toward a policy of ___________ if regulation of the monopoly seems ineffectual
a. contestable market b. price controls c. countervailing power d. creative destruction e. nationalization
Economics