Tax incidence is the ?

Related Mcqs:

Which best describes consumer surplus ?

A. The price consumers are willing to pray for a unit B. The cost of providing a unit C. The profits made by a firm D. The difference the price a consumer pays for an item and the price he/she is willing to pay...

Economists use the term Black Markets for situations where ?

A. goods are sold at prices above legal or official price. B. buyers and/or sellers are not paying taxes as they should C. illegal substances are sold D. transactions are not recorded in the GDP figures....

The problem posed by a natural monopoly is that it faces a _____ This means that _______?

A. increasing average cost curve, marginal cost lies above average cost B. increasing average cost curve, marginal cost lies below average cost C. decreasing average cost curve marginal cost lies above average cost D. decreasing average cost curve, marginal cost lies below average cost...

An increase in income will ?

A. Lead to a movement along the demand curve B. Shift the supply curve C. Shift the demand curve D. Lead to an extension of demand...

When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?

A. behave like competitive firms B. agree to act together C. differentiate their products D. practice price discrimination...