Question
In: Economics
When are quantity restrictions not the same as price restrictions (via taxes)? Describe one situation in...
When are quantity restrictions not the same as price restrictions (via taxes)? Describe one situation in which the government would be better off imposing quantity restrictions than setting a tax and explain why quantity restrictions are better in that case (200 words max).
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Describe one situation in which the government would be better off imposing quantity restrictions than setting...
Describe one situation in which the government would be better
off imposing quantity restrictions than setting a tax and explain
why quantity restrictions are better in that case (200 words
max).
1. Taxes drive a wedge between the: quantity bought and the price received by sellers. price...
1. Taxes drive a wedge between the:
quantity bought and the price received by sellers.
price paid by buyers and the quantity received by sellers.
income of the buyers and the incomes received by sellers.
price paid by buyers and the price received by sellers.
2. Which of the following explains why most people’s marginal
tax rate is higher than their average tax rate?
The average tax rate is the tax you pay on your last dollar
earned, while the...
When the price is $2, the quantity demanded is 10. When the price rises to $8, the quantity demanded falls to 2.
When the price is $2, the quantity demanded is 10. When the price
rises to $8, the quantity demanded falls to 2. What is the value of
the elasticity of demand? Is it elastic or inelastic?
Indicate whether each quantity increases, decreases, or remains the same for the situation being described: The...
Indicate whether each quantity increases, decreases, or remains
the same for the situation being described: The number of particles
and volume are held constant and the gas is cooled
-
A. B.
C.
Temp
-
A. B.
C.
Mass
-
A. B.
C.
Volume
-
A. B....
O1. What will happen to the market equilibrium price and quantity for the following situation? Explain...
O1. What will happen to the market equilibrium price and
quantity for the following situation? Explain your answer using the
graphs.
The effect of a decrease in incomes on the market for
secondhand vehicles
The effect of a governmental subsidy on the market for AIDS
research
The effect of a decline in the price of irrigation equipment on
the market for corn
The effect of a decline in the price of personal computers on
the market for software
The effect...
If quantity is 100 when price is $50, what is total revenue? Given a quantity of...
If quantity is 100 when price is $50, what is total revenue?
Given a quantity of 1,000, a price of $10, and a total cost of
$8,000, calculate total profit.
On a monopoly graph, how do you find the profit maximizing level
of output?
At the intersection of demand and marginal cost and drop
straight down.
At the intersection of marginal revenue and marginal cost and
drop straight down
At the minimum of the average total cost curve and drop...
Q73. the price is 3, the quantity demanded is 8. When the price is 6, the...
Q73. the price is 3, the quantity demanded is 8. When
the price is 6, the quantity demanded is 4. What is the price
elasticity of When demand?
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Q74. A perfectly inelastic demand curve will be
---------------- on a graph while a perfectly elastic demand curve
will be ------------------on a
graph. a.
vertical;
horizontal
b. horizontal;
vertical
c. vertical;
vertical
d. horizontal; horizontal
Q75. When demand is price-inelastic, a price decrease
will result in:
a. an increase in...
Find and read one article that you feel discusses effectual thinking or describe a situation when...
Find and read one article that you feel discusses effectual
thinking or describe a situation when you used effectual thinking
rather than causal thinking.
When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for pizza?
Beer and pizza are complements because they are often
enjoyed together. When the price of beer rises, what happens to the
supply, demand, quantity supplied, quantity demanded, and the price
in the market for pizza?
When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for pizza?
Beer and pizza are complements because they are often
enjoyed together. When the price of beer rises, what happens to the
supply, demand, quantity supplied, quantity demanded, and the price
in the market for pizza?
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