Where a tax can be shifted, the incidence depends on ?

Related Mcqs:

Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?

A. price will decrease, quantity is ambiguous B. The impact on both price and quantity is ambiguous. C. Price will increase, quantity will increase D. price will increase, quantity will decrease E. price will increase, quantity is ambiguous....

VAT is a good example of which kind of tax ?

A. Specific B. Exercise duty C. Direct D. Ad valorem...

The allocation of resources is not efficient if ?

A. the marginal cost of production does not equal society’s marginal benefit B. the distribution is inequitable C. economic growth is low D. unemployment is high...

A shift in supply will have a bigger effect on price than output if demand is ?

A. income elastic B. income inelastic C. Price elastic D. Price inelastic...

Which of the following is the government most likely to subsidies ?

A. Negative externalies B. Positive externalities C. Monopolies D. Oligopolies...