Question 200 out of 2.27273 pointsLet QD= 80 - Pand QS= 2P- 100 describe the demand and supply function for a commodity. Suppose that government imposes a $3 tax per unit sold on producers. What is the tax burden(incidence) of producers?
Question 212.27273 out of 2.27273 pointsIf in the market for apples the supply has decreased thenSelected Answer:the supply curve for apples has shifted to the left.Answers:the supply curve for apples has shifted to the right.there has been a movement downwards along the supply curve for apples.there has been a movement upwards along the supplycurve for apples.the supply curve for apples has shifted to the left.
Question 222.27273 out of 2.27273 pointsThe law of demand implies, holding everything else constant, that as the price of yogurt