--%>

Occurrences of imposing tax on regularly buy

You regularly buy artichokes that happen to be perfectly elastically supplied within the long run. Therefore government imposes a tax upon artichokes. Then the tax is eventually borne by: (w) retailers. (x) consumers. (y) consumers and artichoke farmers both. (z) artichoke farmers.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Derived Demand for resources I have a

    I have a problem in economics on Derived Demand for resources. Please help me in the following question. As demands for the resources ultimately based on consumer’s demands for goods then the demand for labor is: (1) Termed as a derived demand.

  • Q : Income and Substitution effects problem

    Economists decompose how the consumers react to a change in price of a good into the: (1) Diminishing marginal utility effect and indifference effect. (2) Indifference effect and enhancement effect. (3) Net utility effect and preference effect. (4) Income effect and s

  • Q : Current consumption over future

    When households’ start increasingly to prefer current consumption over future consumption, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income rises. (z) equilibrium rate of investment within hu

  • Q : Problem on zero bond price You are

    You are provided a bond which will pay no interest however will return the par value of $1,000 20 years from now. When your needed return for this bond is 7.35%, what are you willing to reimburse or pay?

  • Q : Pretax -posttax and transfer

    Refer to the following diagram. If line b represents the pretax and transfer distribution of income in the United States, we would expect the post-tax and transfer distribution to be: A) line a. B) line b, because taxes and transfers have no effect on income distribut

  • Q : Monopolist in an output market Can

    Can someone please help me in finding out the accurate answer from the following question. The labor monopsonist who is as well a monopolist in an output market: (1) Always makes huge profits. (2) Hires more units of the labor when

  • Q : Marginal Revenue and Total Revenue If a

    If a monopolist which does not price discriminate has maximum total revenue as: (1) demand is perfectly price elastic. (2) marginal revenue is positive. (3) demand is relatively inelastic  (4) marginal revenue is

  • Q : Get economic profit by economic rent

    When you quickly attain economic profit because you build a store on rented land which turns out to be located conveniently for potential customers, in that case: (w) profit will increase when you buy the land after your lease expires. (x) rent will a

  • Q : Nominal wages If the nominal wages of

    If the nominal wages of carpenters rose by 5 percent in the year of 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. B) increased by 2 percent. C) increased by 3 percent. D) increased by 8 percent.

  • Q : Problem on Laws and Regulations Can

    Can someone please help me in finding out the accurate answer from the following question. Raised demand for beer would be most probable to follow a fall in the: (1) Legal drinking age. (2) Price of ale. (3) Price of hard liquor. (4) Price of wine.