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An increase in the excise tax on alcohol?
a)will have no effect on alcohol consumption
b)will generate minimal tax revenues for the federal government
c)couped with a uniform drinking age nationwide would save lives
d)will generate substantial revenues is demand is elastic
e) all of the above
Briefly list and elaborate on the factors that will be affecting the demand for the following products in the next several years. Do you think these factors will cause the demand to increase or decrease?
What are the characteristics of a Perfectly Competitive Market and what are the Characteristics of a Monopoly?
The U.S. imposes a quota of 45 million units per month on this good and what will be the price U.S. consumers will pay for the good now?
Shares of consumption, investment, and government spending as a part of GDP. Use nominal GDP for these calculations. Biggest contributor in GDP.
Describe an example of a particular health care good or service at the beginning of your posting and to what extent do the providers of the good or service influence consumers' decisions?
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity, initially gaining a 12% market share.
Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium and calculate the tax revenue in the post-tax equilibrium
Show graphically how regulating the value of a monopolist can both increase quantity and lower price.
Draw a standard supply and demand diagram which shows the demand for new housing units that are purchased each month, and the supply of new units built and put on the market each month.
In your role as new human resources manager, you plan to make a series of videos with various situations. These situations will allow the workers to view real life sexual harassment issues that they may have to deal with.
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
For each of the following events, indicate whether the AD or the AS curve shifts. In brief describe the reasoning behind your choice.
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