Economic 201 (Ch. 8) - Review Assessment: Quiz Chapter 8...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Submitted 2/23/08 6:22 AM Name Quiz Chapter 8 Status Completed Score 14 out of 15 points Time Elapsed 0 hours, 23 minutes, and 24 seconds out of 1 hours and 45 minutes allowed. Instructions Note, you can open the quiz only once. Good luck. Question 1 1 out of 1 points Figure 8-4 Refer to Figure 8-4 . Producer surplus before the tax was levied is represented by area Selected Answer: D + E + F. Correct Answer: D + E + F. Question 2 1 out of 1 points Figure 8-2 Refer to Figure 8-2 . The amount of deadweight loss associated with the tax is equal to Selected Answer: A B C. Correct Answer: A B C. Question 3 1 out of 1 points When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic, Selected Answer: buyers of the good will bear most of the burden of the tax. Correct Answer: buyers of the good will bear most of the burden of the tax. Question 4
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/20/2008 for the course SCIENCE AN 201 and 1A taught by Professor Carsten&zagami during the Winter '07 term at NYU Poly.

Page1 / 4

Economic 201 (Ch. 8) - Review Assessment: Quiz Chapter 8...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online