{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

KIC000060 - 8m*— hen-nun kolthoom alkofdii Date Cm Eco...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 8m: *— hen-nun: kolthoom alkofdii Date: 10/7/09 Cm: Eco 2301-05 The: 12:00 PM Book: Mud/O'Brien: Microeconomics 2e Assignment: HW (1114-2 The government proposes a tax on halogen light bulbs. Sellers will bear the entire burden of the tax if the (gm. demand curve for halogen bulbs is horizontal. C“: B. demand curve is downward sloping and the supply curve is upward sloping. Q C‘ supply curve of halogen bulbs is horizontal. {)1 Dr demand curve for halogen bulbs is vertical. 23. Suppose the dexmnd curve for a product is vertical and the supply curve is upward sloping. If a unit tax is imposed in the market for this product, @A, buyers bear the entire burden of the tax. QB. the tax burden will be shared equally between buyers and sellers. {:3 C. sellers bear the entire burden of the tax. {39. buyers share the burden ofthe tax with government. 24. Suppose the demand curve for a product is downward sloping and the supply curve is upward sloping. If a unit tax is imposed in the market for this product. jays. the tax burden will be shared by buyers and sellers. {”23 the tax burden will be shared among the government, buyers and sellers. if} C. sellers bear the entire burden of the tax. {'30, buyers bear the entire burden of the tax. 25. A tax is imposed on employers and workers that are used to fund Social Security and Medicare. This tax is sometimes referred to as (EA, the payroll tax. if} B, the ACIF. if? C. the Income Security Tax. f ‘fiD, the federal income tax. ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    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.

    Student Picture

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

  • Left Quote Icon

    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.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    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.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern