The correct answer should be that <span>the total surplus increases but by less than the amount of the tax. This happens if the tax is not larger than the producer surplus in which case it would negate and the total would not grow at all. This doesn't happen however since imposing such higher taxes is impossible and riots would surely happen.</span>
Answer:
B, C, E or 2, 3, 5
Explanation:
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No, they are not always visible. But can be detected by taste, or smell.
Answer:
The answer is $153.30
Explanation:
Value= M / (1 + i)^n = 1000/[ (1+(0.096/2))^40] = $153.30
Value is $153.30
The two goods are substitutes.
Cross Elasticity
The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal.
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