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Unformatted text preview: increase safety 2 nd Economist - people drive faster. 2. A. In some communities the government was worried about trash consumption. There is a lot of trash. So they charge per bag of trash. If charged per bag there will be fewer bags but the bag size will increase. B. smoking is bad. Therefore when taxed smokers inhale more deeply. Then companys make the cigarettes more potent. 3. In the 70s the price of gas almost tripled but it was thought that if it did go up people would still drive as much. This is not true. 4. You cant teach an old dogs new tricks. For a younger person to learn something new the time/ cost is a lot less than for a person in older age 5. shipping the good apples out Washington State apples tasted better out of state than the did in state. The good apples in Washington sell for 20 cents and average apple sells for 10 cents. When shipped out you loose less than when. ....
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This note was uploaded on 05/16/2008 for the course EC 201 taught by Professor Xasdf during the Fall '08 term at N.C. State.
- Fall '08