Suppose an excise tax is imposed on two products X and Y, both of which have identical supply elasticities. The demand for good X is highly elastic, while the demand for good Y is highly inelastic. The deadweight loss (or excess burden) will be
a. equal in both cases.
b. larger for good X than good Y.
c. larger for good Y than good X.
d. zero in both cases.
B
Economics
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Overall, U. S. citizens and foreign-born residents embrace change that promises overall growth. This is evidenced by which of the following?
(a) Innovation (b) The growth of new industries and the demise of others (c) Population migration from one part of the U.S. to another (d) All of the above
Economics
This graph depicts the demand for a normal good. 
A shift from A to B in the graph shown might be caused by:
A. an increase in the good's price. B. a decrease in the price of a complement. C. a decrease in the price of a substitute. D. an increase in the price of a complement.
Economics