True or False 1. Taxes result in a lower equilibrium quantity of the good or service...
True or False
1. Taxes result in a lower equilibrium quantity of the good or service being consumed.
Homework Answers
1) The given statement is true , if there's a tax on the customer the demand decreases because the price increases as a result of which the quantity decreases. If there's a tax on producer, then at same budget you'll get less inputs with which supply decreases and the supply curve shifts to the left and price increases and quantity decreases
Therefore True is the answer to this question
Add Answer to:
True or False
1. Taxes result in a lower equilibrium quantity of the good or
service...
Price of good or service 0 0 Quantity of good or service per period Protectionist policies...
Price of good or service 0 0 Quantity of good or service per period Protectionist policies reduce the quantities of foreign goods and services supplied to the country that imposes the restriction. As a result, such policies shift the supply curve to the leta for the good or service whose imports are restricted. In the case shown, the supply curve shifts to Sa, the equilibrium price cises Pa and the equilibrium quantity falls to Oz.
Relative to the outcome of a perfectly competitive market, a monopoly will result in a lower...
Relative to the outcome of a perfectly competitive market, a monopoly will result in a lower equilibrium quantity and higher equilibrium price. True O False
Market equilibrium occurs when the quantity supplied is greater than the quantity demanded. True False
Market equilibrium occurs when the quantity supplied is greater than the quantity demanded. True False
answer True or false 1 import quotas on sugar results in lower sugsr prices in usa...
answer True or false 1 import quotas on sugar results in lower sugsr prices in usa 2 household production increases when there is a string desire to avoid taxation 3 a righteard shift of a demand curve respresents a decrease in demand 4 if supply increases and demand decreases then equilibrium price will fall 5 A price ceiling set below equilibrium price will result in shortage 6 if income rises and a good is inferior then demand for that good...
True or false Weakness in the dollar tends to result in lower consumer price inflation. Financial...
True or false Weakness in the dollar tends to result in lower consumer price inflation. Financial leverage refers to the use of debt to finance a business Having more dependents will reduce your payroll taxes. More tax-payers use the standard deduction than itemized deductions to calculate theirs taxes owed An individual in the 25% tax bracket will pay total income taxes equal to 25% of their taxable income. A company cannot pay a dividend if it lost money in the...
Week 3 - Market Equilibrium Please explain the answer to the following true or false questions....
Week 3 - Market Equilibrium Please explain the answer to the following true or false questions. Surplus is the quantity supplied If there is a surplus of a good its price rises, skeds the quartz clem If both demand and supply curves shift rightward then equilibrium quantity increases. quantity demanded equals the quantity supplere Ah increase in demand lowers the equilibrium price in the market. Equilibrium Price is the price at which the If demand increases and supply increases the...
6. The equilibrium price for a good is currently $25 and the equilibrium quantity is 400....
6. The equilibrium price for a good is currently $25 and the equilibrium quantity is 400. There is some change in the market that changes the equilibrium price to $35 and the equilibrium quantity to 500. This change is the result of only one curve shifting. Which of the following could have caused this change? 1) An increase in the cost of an input to the production of this good. II) A decrease in the price of a complement for...
The equilibrium price of the good is equal to ____ The equilibrium quantity of the good...
The equilibrium price of the good is equal to ____
The equilibrium quantity of the good is equal to ______
The demand function for a product is: Qd = 1,000-10P. and its supply function is: Qs = 100 + 2P
The equilibrium price of the good is equal to ____ The equilibrium quantity of the good...
The equilibrium price of the good is equal to ____
The equilibrium quantity of the good is equal to ______
The demand function for a product is: Q = 1,000-10P. and its supply function is: Qs = 400 + 5P.
An increase in insurance coverage would result in higher sales and higher prices. True or False....
An increase in insurance coverage would result in higher sales and higher prices. True or False. A subsidy for insurance coverage provided by an employer will have no effect on equilibrium price and quantity for those who get the subsidy. increase equilibrium price and quantity for those who do not get the subsidy. drive up prices for consumers who are not eligible for the subsidy. none of the above.
Price of good or service 0 0 Quantity of good or service per period Protectionist policies reduce the quantities of foreign goods and services supplied to the country that imposes the restriction. As a result, such policies shift the supply curve to the leta for the good or service whose imports are restricted. In the case shown, the supply curve shifts to Sa, the equilibrium price cises Pa and the equilibrium quantity falls to Oz.
Relative to the outcome of a perfectly competitive market, a monopoly will result in a lower equilibrium quantity and higher equilibrium price. True O False
Week 3 - Market Equilibrium Please explain the answer to the following true or false questions. Surplus is the quantity supplied If there is a surplus of a good its price rises, skeds the quartz clem If both demand and supply curves shift rightward then equilibrium quantity increases. quantity demanded equals the quantity supplere Ah increase in demand lowers the equilibrium price in the market. Equilibrium Price is the price at which the If demand increases and supply increases the...
6. The equilibrium price for a good is currently $25 and the equilibrium quantity is 400. There is some change in the market that changes the equilibrium price to $35 and the equilibrium quantity to 500. This change is the result of only one curve shifting. Which of the following could have caused this change? 1) An increase in the cost of an input to the production of this good. II) A decrease in the price of a complement for...
The equilibrium price of the good is equal to ____
The equilibrium quantity of the good is equal to ______
The demand function for a product is: Qd = 1,000-10P. and its supply function is: Qs = 100 + 2P
The equilibrium price of the good is equal to ____
The equilibrium quantity of the good is equal to ______
The demand function for a product is: Q = 1,000-10P. and its supply function is: Qs = 400 + 5P.
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