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wrote...
Posts: 124
2 months ago

Question 1.

If a new unit excise tax is levied on bottles of soda, the

• demand for soda shifts to the left.

• supply of soda shifts to the right.

• demand for soda shifts to the right.

• supply of soda shifts to the left.

Question 2.

When economists want to obtain a measure of the responsiveness of quantity demanded to changes in price, they use

• the unit change in quantity demanded.

• the cross-price elasticity of demand.

• the price elasticity of demand.

• the slope of the demand curve.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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2 months ago
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Answer 1

supply of soda shifts to the left.

Answer 2

the price elasticity of demand.
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