Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Essentials of Microeconomics

Business

Quiz 15 :

Price Regulation, Taxes and Subsidies

Quiz 15 :

Price Regulation, Taxes and Subsidies

search
arrow
Which of the following statements is true?
Free
Multiple Choice
Answer:

Answer:

D

arrow
Which statement is true?
Free
Multiple Choice
Answer:

Answer:

B

arrow
Consider a market with a demand curve of P = 15 - q and a supply curve of P = 2q.If the government levies a tax on consumers of $3 per unit, what is the resulting DWL?
Free
Multiple Choice
Answer:

Answer:

C

arrow
Consider a market in which the law of demand hold, but supply is perfectly inelastic.The government levies a tax on consumers of t per unit consumed.In this case
Multiple Choice
Answer:
arrow
Consider a market with a demand curve of P = 15 - q and a supply curve of P = 2q.If the government levies a tax on consumers of $3 per unit, what are the prices paid by consumers (Pc) and the price received by suppliers (Ps)?
Multiple Choice
Answer:
arrow
Consider a market in which demand is given by P = 30 - 2q and supply is given by P = q.If the government imposes a tax of $6 per unit on suppliers, the resulting DWL is:
Multiple Choice
Answer:
arrow
Which statement is true?
Multiple Choice
Answer:
arrow
Consider a market with a demand curve of P = 15 - q and a supply curve of P = 2q.If the government levies a tax on consumers of $3 per unit, what is the equilibrium quantity traded in the market.
Multiple Choice
Answer:
arrow
Which of the following statements is true?
Multiple Choice
Answer:
arrow
Consider a market in which demand is given by P = 30 - 2q and supply is given by P = q.If the government imposes a tax of $6 per unit on suppliers:
Multiple Choice
Answer: