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Government increases the taxes on car ownership. Explain the possible market outcomes of such a decision.
As this is a tax paid by owners, and therefore not levied indirectly via suppliers in selling cars, one can expect reduce in the demand for cars and enhance in demand for possible substitutes. (Basically, the ownership tax may be regarded as a complement to car ownership.) One could also expect a reduce in demand for complement goods for cars, like gasoline, insurance, servicing, etc
(1) The demand curve for oranges is given by the equation P = 5 – Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars p
How do we measure economic growth and why do we need economic growth? (ii) What can governments do to stimulate economic growth and create jobs? (provide some current examples) (ii
implication tructures of various market structures for price determination
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en
On what kind of income is our taxing system based?
Lack of Integration in Policy Formulation and Policy Implementation: A common thread uniting these diverse diagnoses and prescriptions can be seen among most of the critical e
project work
Sir/Ma''am i have to make a project of 4-5 page on Investigating the buying behavior of individuals in the white goods sector and seeing if there exists any negative relationship b
Describe the poverty cycle and suggest how a developing country can break the cycle. The poverty cycle is explained as the trap developing countries can land in; low incomes →
Smoking cigarettes is a leading cause of many diseases
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