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TWO MC QUESTIONS Which of the following objectives can be achieved my imposing an excise tax? O Increasing total surplus Decreasing the quantity transacted Increasing

TWO MC QUESTIONS

Which of the following objectives can be achieved my imposing an excise tax? O Increasing total surplus Decreasing the quantity transacted Increasing producer surplus Increasing consumer surplus Question 29 (1 point) Egg producers know that the elasticity of demand for eggs is O.1. What would be the percentage decrease in the price of eggs if the quantity demanded increased by 5%? 5% 0.1% 50%

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