Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

If Congress levies an additional tax on luxury items, the prices of these items will rise. However, this will cause demand to decrease, and as a result the prices will fall down, perhaps even to their original levels." Do you agree or disagree with this statement? Please describe. You may assume that an increase in tax will shift the supply curve to the left.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M950743
  • Price:- $18

Guranteed 24 Hours Delivery, In Price:- $18

Have any Question?


Related Questions in Microeconomics

Question a compare and contrast the organization and

Question: a) Compare and contrast the organization and function of the ECB to the Federal Reserve. b) Explain how the two organizations differ in their ability to deal with a financial crisis like the ones in Europe in 2 ...

Question an investment has an initial cost of 750000 an

Question: An investment has an initial cost of $7500.00, an annual maintenance and operating cost of $125.00 and will have a return of $1927.70 per year, and if the investment MARR is 15%. How long must the investment la ...

Question every year you deposit exist7200 into an account

Question: Every year you deposit exist7,200 into an account that earns 4.5% interest per year. What will be the balance of your account immediately after the 14th deposit? (Enter your answer as a number without the dolla ...

Question define externalities as they relate to the price

Question: Define "externalities" as they relate to the price of goods and services, and examine how they can distort market forces of supply and demand, detailing both positive and negative effects. The response must be ...

Question a newspaper headline reads state officials take on

Question: A newspaper headline reads: "State Officials Take on Pricing Regulations to Try to Provide Better, Dependable Income to Dairy Farmers." Is providing dependable income to dairy farmers a good policy goal for gov ...

Question explain milton friedmans natural rate hypothesis

Question: Explain Milton Friedman's "Natural Rate" Hypothesis. What important policy conclusion can we derive from the hypothesis? include any necessary graphs or models. The response must be typed, single spaced, must b ...

Question what is the maximum amount you would pay for an

Question: What is the maximum amount you would pay for an asset that generates an income of $10,000 at the end of each of the three years of the opportunity cost of using funds is 3.5 percent? The response must be typed, ...

Question brazil can produce 100 pounds of beef or 10 autos

Question: Brazil can produce 100 pounds of beef or 10 autos; in contrast the United States can produce 40 pounds of beef or 30 autos. Which country has the absolute advantage in beef? Which country has the absolute advan ...

Question 1 why is tfc horizontal2 if the consumer income

Question: 1. why is TFC horizontal? 2. If the consumer income increase, show the impact on his budget line, assume the price not change. 3. Why is a seller under perfect competition market is a price taker? The response ...

Question cost functions a part of the definition of profit

Question: Cost functions, a part of the definition of profit, are useful to gauge the performance of the business. Suppose an economist estimated that the cost function of single-product firm as : C(Q) = 10 + 3Q + 3Q 2 + ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved