Question : 23) The above figure shows the market for buckets of : 1241639

 

 

 

 

23) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The amount of this tax is ________ per bucket of golf balls.

A) $4

B) $2

C) $2.50

D) $1

E) $3

24) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The tax incidence is

A) split equally between buyers and sellers, each paying $1 per bucket.

B) split equally between buyers and sellers, each paying $2 per bucket.

C) such that buyers pay $2 per bucket and sellers pay $1 per bucket.

D) such that buyers pay $1 per bucket and sellers pay $2 per bucket.

E) such that sellers pay all of the tax.

 

25) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The total tax revenue is equal to

A) $1,800.

B) $600.

C) $1,200.

D) $900.

E) $5,600.

 

26) The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The quantity of buckets without the tax is ________ and the quantity with the tax is ________.

A) 400; 600

B) 600; 400

C) 400; 400

D) 800; 500

E) 600; 500

27) The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire.

A) $10

B) $30

C) $40

D) $60

E) None of the above answers is correct.

 

28) The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire and that ________ pay most of the tax.

A) $30; buyers

B) $40; buyers

C) $30; sellers

D) $60; sellers

E) $60; buyers

29) The figure above shows the market for tires. The government has imposed a tax on tires, and the buyers pay ________ of the tax.

A) $10

B) $20

C) $50

D) $60

E) $30

 

30) The figure above shows the market for tires. The government has imposed a tax on tires, and the sellers pay ________ of the tax.

A) $10

B) $20

C) $50

D) $60

E) $30

 

31) The figure above shows the market for tires. According to the figure, the government collects ________ per month in total tax revenue.

A) $600 million

B) $1,200 million

C) $2,000 million

D)  $900 million

E) None of the above answers is correct.

32) The figure above shows the market for tires. According to the figure, the price elasticity of demand is ________ the price elasticity of supply.

A) greater than

B) equal to

C) less than

D) not comparable to

E) More information is needed to determine if the price elasticity of demand is greater than, equal to, less than, or comparable to the price elasticity of supply.

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more