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1) Share an example of a current consumer good that is taxed. Please link the article, along with a complete reference for me and fellow students to be able read the full article.
2) Based on your understanding of the elasticity of both demand and supply (you don't need numbers, just base your estimate on the determinants of elasticity) which side of the market (consumers or producers) bear a greater burden of the tax (use figures in ch. 6 Mankiw to support)
3) Do you think that that tax example you shared in 1) offers the "best" solution. Who benefits from this intervention and who loses?
What is a monopolistic competitive firm Given the same resources with a firm in a perfectly competitive industry, how could output and prices (of output) be different for both firms
suppose bill is on a low- carbohydrate diet. he can eat only three foods rice krispies cottage cheese and popcorn. the
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an upward shift of the depreciation line, an upward shift of the investment function, an upward shift of the per-worker production function.
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1. What are the ten principles of economics?
Suppose the market demand for good x is given by the equation Qd= 1000-20P, and the market supply is given by the equation Qs= 500+30P, find the equilibrium price of good x.
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Are credit cards or debit cards money?
suppose there are two states that do not trade iowa and nebraska. each state produces the same two goods corn and
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