--%>

What will occur when government taxes a good

When the government taxes a good, the price consumers currently face is most probably: (w) higher than before the tax. (x) below the price the seller receives. (y) less than average production cost. (z) justified through welfare payments to taxpayers.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Individual Welfare Recipients If an

    If an individual receives benefits from the government, associate to the benefits everyone else receives, which exceed the individual’s taxes like a proportion of total tax payments by all citizens, which individual can reasonably be viewed like

  • Q : Interest-rate cost A profit-maximizing

    A profit-maximizing firm must not undertake a R&D project for which the: 1) Expected rate of return exceeds its interest-rate cost of funds. 2) interest-rate cost of funds exceeds the expected rate of return. 3) expected returns are in the distant future. 4) the e

  • Q : Competitive Profit Maximization Can

    Can someone please help me in finding out the accurate answer from the following question. The profit-maximizing competitive firm hiring from the competitive labor market will be in balance or equilibrium where: (i) w = MRC. (ii) MPP = MRC. (iii) VMP = MPP. (iv) VMP =

  • Q : Ex-ante investment Ex-ante investment :

    Ex-ante investment: This is planned or desired investment throughout a specific period.

  • Q : Value of multiplier When MPC and MPS

    When MPC and MPS are equivalent then what is the value of multiplier? Answer: MPC = MPS = 1/2 Thus K = 1/MPS = 1/1/2 = 2/1 = 2 [that is, Multiplier K = 2].

  • Q : Determine total costs by

    Hey guys I need your idea for this query regarding the total costs as illustrated graph that this profit-maximizing pure competitor’s total cost (TC) equals area as: (w) 0Phq2. (x) 0bgq2. (y) 0aeq1. (z) daef.

    Q : Giving wholesale price per dozen by

    When Rose Garden Wholesalers has a typical type cost structure of rose farms within this purely competitive industry, into the long run new competitors would most likely enter the market providing the wholesale price

  • Q : Lower market price to cover average

    When the market price is lower to cover average total costs, in that case a profit-maximizing firm will: (i) shut down instantly. (ii) continue to operate where P = MC when P > AVC. (iii) adopt newer technology. (i

  • Q : Freedom of entry-exit in long run

    Contestable markets and purely competitive markets share the feature of: (w) collusive behavior of huge firms. (x) freedom of entry and exit into the long run. (y) widespread product differentiation. (z) persistent economic profits.

    Q : Determine linear demand curve-elasticity

    Beside a negatively sloped, that has straight-line demand curve, there one constant is: (w) price. (x) quantity demanded. (y) slope. (z) the price elasticity of demand. Please guys help to solve this problem of