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The incidence of a tax falls more heavily on
a) consumers than producers if demand is more inelastic than supply.
b) producers than consumers if supply is more inelastic than demand.
c) consumers than producers if supply is more elastic than demand.
d) all of the above are correct
suppose that the government is debating whether to spend 100 billion today to address climate change. it is estimated
q.in economic history there have been many great economists who have developed theories concepts and ideas which have
Find the quantity that maximizes the profit of the monopolist, the profit of the monopolist and the corresponding domestic and international price.
q1. discuss the prognosis or economic outlook for the chilean economy in the coming year. consider the leading economic
q. desired consumption is 100 0.8y - 500r - 0.5g and desired investment is 100 - 500r. real money demand is p y -
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
Supply is the world supply. Elucidate the consumer surplus at the equilibrium price. What is the producer surplus.
If the IS curve does not shift when autonomous consumption increases by $100 MM and autonomous taxes increase by $200 MM, what can we infer about the marginal propensity to consume?
Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.
Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.
Do you agree or disagree with the statement that: "A monopolist always charges the highest possible price."? Explain. b.) Why can't an individual firm raise its price by reducing output or lower its price to increase sales volume in a purely competit..
What role does microeconomics play in business decisions compared to macroeconomics. Can you assit me with a real life example that would show the impact on the decision making process of the business.
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