Question

50. National defense and cbooks are similar in that both are while ebooks are not. but they differ in that national defense is A) nonexcludable; nonrival in consumption B) excludable; rival in consumption C) rival in consumption; excludable D) nonrival in consumption; nonexcludable

21. Suppose the government imposes a S9 per unit tax on the production of Good Z. If the demand curve for Good Z is perfectly inelastic and the supply curve is upward-sloping, the price that consumers pay for the good will: A) increase by S9. B) increase by S4.50. C) increase by more than S9.

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Answer #1

Solution 50 :-

The correct answer is (D) i.e nonrival in consumption; nonexcludable

Solution 21 :-

The correct answer is (A) I.e Increase by $9

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