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VARVARA [1.3K]
3 years ago
14

Which of the following is true? Group of answer choices An excise subsidy has only a substitution effect since the subsidy artif

icially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect. An excise subsidy increases consumption of a good by the same quantity as does a cash transfer but at a lower cost to the government. An excise subsidy has an income effect since the subsidy increases the consumer’s income but no substitution effect. An excise subsidy has both an income and a substitution effect which causes the consumption of the subsidized good to rise.
Business
1 answer:
Nadya [2.5K]3 years ago
6 0

Answer:

An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.

Explanation:

The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.

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Explanation:

3 0
2 years ago
Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin
never [62]

Answer:

$ 75131

Explanation:

Given:

Amount inherited = $ 300000

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Now,

the formula for the present amount of annuity is given as:

Present amount of annuity = P[\frac{1-(1+i)^{-n}}{i}]

where,

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or

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3 0
3 years ago
Assume that the money demand function is (M/P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M is 2
liubo4ka [24]

Answer: The nominal money supply should set at 1,600.

Explanation:

Given that,

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\frac{M}{2} = 2,200 – 200 × 7

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Answer:

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4 0
2 years ago
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