Multiple Choice
A per unit tax in a competitive market with demand elasticity less than zero:
A) never creates dead weight loss.
B) decreases the equilibrium price.
C) always creates dead weight loss.
D) sometimes creates dead weight loss.
Correct Answer:
Verified
Correct Answer:
Verified
Q50: An import tariff:<br>A)increases prices for domestic consumers.<br>B)decreases
Q51: If the demand curve shifts down and
Q52: Which of the following would not cause
Q53: A per unit tax will:<br>A)only cause a
Q54: If the demand curve in a constant
Q56: What is the fundamental error in the
Q57: Allowing people to carry concealed weapons:<br>A)will have
Q58: An import tariff:<br>A)increases consumer's surplus.<br>B)reduces producers' surplus.<br>C)generates
Q59: Queues of customers:<br>A)suggest that prices are too
Q60: In the market for crime, the imposition