Tax on a good tends to make

The tax on a good tends to make: (i) Inflationary pressure the govt. can disperse by cutting its spending. (ii) The wedge among prices buyers pay and the prices sellers obtain. (iii) Rises in supply from the viewpoint of buyers. (iv) More quick transactions when people "pass the hot potato." (v) Raises in demand from vantage points of sellers.

Can someone help me in getting through this problem.

View Complete Question

Related Questions in Microeconomics

Q : Transfer payments in Market Transfer

Transfer payments into the U.S.: (w) have little effect on income distribution. (x) are mainly received by wealthy families. (y) tend to reduce poverty. (z) eliminate the cause of poverty. Please choose the right a

Q : Explain the term GNI per capita How do

How do you explain the term GNI per capita?

Q : Successful strategy of product

A successful strategy of product differentiation causes: (w) the demand curve to shrink and become more elastic. (x) the demand curve becomes perfectly elastic. (y) prices for close substitutes to equalize. (z) the marginal revenue curve to be below t

Q : Demand function Normal 0 false false

Normal 0 false false

Q : Supply of good at market price When

When producers become willing and capable to sell more of a good at each and every market price, then there has been a raise in: (1) Consumer preferences. (2) Supply. (3) Quantity supplied. (4) Demand. (5) Capitalists’ profits.

Q : Individual firm in purely competitive

In a purely competitive industry, the individual firm: (i) can raise the quantity demanded by lowering the price of its product. (ii) experiences substantial economies of scale. (iii) faces a completely inelastic demand curve. (iv) cannot influence th

Q : Problem on physical export Select the

Select the right answer of the question. The physical export of motorcycles from the United States to Mexico best illustrates a: A) trade flow. B) resource flow. C) financial flow. D) technology flow.

Q : Problem on reducing Complementary Goods

The failure of spaghetti crop would be most probable to decrease the: (1) Supply of cheap red wine. (2) International rate of inflation. (3) Demand for potato salad. (4) Demand for the spicy tomato sauce. (5) Prices of dinners in an Italian restaurant.

Q : Kinked demand curve about product price

When an oligopolist is aware about the firm faces a kinked demand curve, this: (1) may cut price along with little expected reaction by rivals. (2) can avoid consumer demand and preferences. (3) may keep product price despite large ch

Q : Elasticity and profit maximization An

An imperfectly competitive firm can maximize profit within the long run only at prices and also outputs where demand elasticity is: (w) greater than or equal to 1. (x) less than 1. (y) less than 0. (z) between 0 and 1.

Discover Q & A

Leading Solution Library

Avail More Than 1443144 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1954496
Asked

3,689

Active Tutors

1443144

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment