Demand curve, Microeconomics

Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline,S1 represents the supply curve for paperback novels and S2 represents the supply curve for gasoline. Afterthe imposition of a $2 tax on paperback novels and on gasoline, the

a. sellers of gasoline bear a higher burden of the $2 tax than sellers of paperback novels.

b. buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.
c. buyers of gasoline bear an equal burden of the $2 tax as buyers of paperback novels.

d. Both a) and b) are correct.

Posted Date: 4/1/2013 4:06:08 AM | Location : United States







Related Discussions:- Demand curve, Assignment Help, Ask Question on Demand curve, Get Answer, Expert's Help, Demand curve Discussions

Write discussion on Demand curve
Your posts are moderated
Related Questions
-1- ASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100.0

a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?

How can we test adulterants in vegetable oils?

Factors Shifting Demand Curve:   Factors Changing Demand Effect on Demand Direction of Shift in Demand Curve Ef


discuss the term of price mechanism,give examples to elaborate the concept clearly

Analyse the possible effects of speculation on exchange rates. Definition of speculation in currencies as betting on the appreciation/depreciation of a given currency. E

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Would a risk loving person prefer an increase in the chance of winning the lottery by 20% or an increase in the jackpot of 20%

causes of monopoly