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barmour44 barmour44
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5 years ago

Question 1.

How would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold?

• The demand for smartphones would decrease.

• The demand for smartphones would increase.

• The price of smartphones would rise by $5.00.

• The supply of smartphones would decrease.

Question 2.




Using the above figure, if the government levies a new unit tax in this market, S represents the original supply curve, and St represents the after-tax supply curve, then the revenues that the government collects from imposing this tax is represented on this graph by

• OBCG.

• OAEG.

• BAEC.

• CEF.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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JennyyyJennyyy
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5 years ago
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barmour44 Author
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5 years ago
Thanks
larrybrads
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Yesterday
Smart ... Thanks!
amandamraz
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2 hours ago
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