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Migo7s Migo7s
wrote...
Posts: 453
5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 52 times
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Answer verified by a subject expert
Strategyboyz21Strategyboyz21
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Posts: 370
5 years ago
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5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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