Which one of the occur if the government of ontario imposes

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Problem 1: Which one of the following will occur if the Government of Ontario imposes a $3 recycling fee on the buyer whenever a new tire is sold? It will move:

a. the demand curve down by $3.

b. the demand curve up by $3.

c. the supply curve down by $3.

d. the supply curve up by $3.

Problem 2: Rent control legislation:

a. Will be binding only if controlled rents are set above market equilibrium rents.

b. Will be binding only if controlled rents are set below market equilibrium rents.

c. Will improve the housing stock.

d. Adversely affects all low-income households.

Reference no: EM132707753

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