FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following factors is an important determinant of the magnitude of incidence of an excise tax on the consumers? 1 point Free market

Which of the following factors is an important determinant of the magnitude of incidence of an excise tax on the consumers? 1 point Free market equilibrium price Slope of demand curve Magnitude of excise tax Number of buyers in the market 11. Question 11

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Microeconomics

Authors: Michael Parkin

11th edition

133019942, 978-0133020250, 133020258, 978-0133019940

More Books

Students also viewed these Economics questions

Question

★★★★★
Consider the circuit in Fig. 4.144. An ammeter with internal resistance Ri is inserted between A and B to measure Io. Determine the reading of the ammeter if: (a) Ri = 500 Ω, (b) Ri = 0...

Answered: 1 week ago

Question

★★★★★
Let {X(t), t 0} be a compound Poisson process with X(t) = X,, and suppose that A1 and P{X, j} = j/10, j = 1, 2, 3, 4. Calculate P{X(4) = 20).

Answered: 1 week ago

Question

★★★★★
1. Assign study buddies who can be available over the phone.

Answered: 1 week ago

Question

★★★★★
A toy manufacturer that specialises in making fad items has just developed a 50000 moulding machine for producing a special toy. The machine has been used to produce only one unit so far. The company...

Answered: 1 week ago

Question

★★★★★
Suppose you invest $190 a month for 8 years into an account earning 9% compounded monthly. After 8 years, you leave the money, without making additional deposits, in the account for another 24 years....

Answered: 1 week ago

Question

★★★★★
A new virus called the "French Rhino flu" emerged across the globe. This virus was apparently transmitted in a French caf in Bordeaux, when a man from New Jersey was posing for a picture with a Rhino...

Answered: 1 week ago

Question

★★★★★
I need help, this in C++ please!! Thank You this is code for newtons method however i need it in c++ function iterFunc(x) { } return x (-x^4+ 3*x^2 + 2)/(-4*x^3+ 6*x) #Change depending on specific...

Answered: 1 week ago

Question

★★★★★
Following is a sample from a population with median m. Use the sign test to test H0: m = 20 versus H1: m > 20. a. What is the value of the test statistic? b. Is H0 rejected at the = 0.05 level? c....

Answered: 1 week ago

Question

★★★★★
A famine in one nation created a huge influx of migrants to cross the border into a neighboring country. Many international aid organizations arrived at the migrant camps to provide food, water, and...

Answered: 1 week ago

Question

★★★★★
An early freeze in Normandy ruins half of the apple harvest. What happens to consumer surplus in the market for apples? What happens to consumer surplus in the market for cider? Illustrate your...

Answered: 1 week ago

Question

★★★★★
Two uniformly charged plates carrying opposite charges are separated by a distance of \(20 \mathrm{~mm}\). The magnitude of the charge density on each plate is \(3 \times 10^{-8} \mathrm{C} /...

Answered: 1 week ago

Question

★★★★★
Show that for a matrix representation \(D(x)\) satisfying Eq. (2.8), a new set of matrices formed by performing the same similarity transform \(S^{-1} D(x) S\) for a fixed matrix \(S\) on all...

Answered: 1 week ago

Question

★★★★★
Macroeconomic The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the...

Answered: 1 week ago

Question

★★★★★
Pollution

Answered: 1 week ago

Question

★★★★★
The fear of making a fool of oneself

Answered: 1 week ago

Question

★★★★★
4. Develop circular models, with positive and negative feedback loops, for the following situations: (a) In a poor third-world country, the population increase has been very large in the last ten...

Answered: 1 week ago

Previous Question Next Question