CON 2301 Week 1 Quiz | Assignment Help | Central Texas College

CON 2301 Week 1 Quiz | Assignment Help | Central Texas College




·         Question 1

A binding price floor will reduce a firm's total revenue


·         Question 2

A binding minimum wage

·         Question 3

A tax on the buyers of personal computer external hard drives encourages

·         Question 4

In a market with a binding price control,

·         Question 5

A tax on the buyers of sofas

 

·         Question 6

If a binding price floor is imposed on the market for eBooks, then

·         Question 7

Congress intended that

 

Question 8

Figure 6-18
The vertical distance between points A and B represents the tax in the market.


Refer to Figure 6-18. The effective price that sellers receive after the tax is imposed is

·         Question 9

Suppose that a binding rent control law is repealed in San Francisco.  As a result, we would expect the total  number of units rented in the city to

Question 10

Buyers of a good bear the larger share of the tax burden when the

(i)

supply is more elastic than the demand for the product.

(ii)

demand in more elastic than the supply for the product.

(iii)

tax is placed on the sellers of the product.

(iv)

tax is placed on the buyers of the product.

 

 

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