Review Test Submission_ Exam #2 – Principles of ..

# Review Test Submission_ Exam #2 – Principles of .. -...

• Test Prep
• 24
• 75% (4) 3 out of 4 people found this document helpful

This preview shows pages 1–4. Sign up to view the full content.

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

9/28/2014 Review Test Submission: Exam #2 – Principles of ... ; 2/24 Reference: Ref 6­1 (Figure: Tax on Sellers) Suppose the imposition of a per-unit tax on sellers shifts the supply curve from S 0 to S 1 . Using the figure, calculate the amount of the tax. Selected Answer: D. \$3 Answers: A. \$4 B. \$1 C. \$2 D. \$3 Question 3 Figure: Tax on Sellers Reference: Ref 6­1 (Figure: Tax on Sellers) Refer to the figure. Suppose the imposition of a per-unit tax on sellers shifts the supply curve from S 0 to S 1 . The equilibrium quantity sold under the tax is: Selected Answer: C. 12. Answers: A. 16. B. 10. C. 12. D. 4. 1 out of 1 points
9/28/2014 Review Test Submission: Exam #2 – Principles of ... ; 3/24 Question 4 Figure: Tax on Sellers Reference: Ref 6­1 (Figure: Tax on Sellers) Refer to the figure. Suppose the imposition of a per-unit tax on sellers shifts the supply curve from S 0 to S 1 . With the tax, buyers pay ________ and sellers receive ________.

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

This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern