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Business, 20.07.2019 08:50, booitsmrradl3385

True or false: the price consumers pay will be higher if the tax were imposed on producers.

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Business, 23.06.2019 15:00, patrickwilson

7. problems and applications q7 congress and the president decide that the united states should reduce air pollution by reducing its use of gasoline. they impose a $0.50 tax on each gallon of gasoline sold. suppose they decided to impose the tax on consumers. in the following graph, shows the effect of a $0.50 tax on each gallon of gasoline sold imposed on consumers by shifting the demand or supply curve. demand supply 0 1 2 3 4 5 6 3.0 2.5 2.0 1.5 1.0 0.5 0 price of gasoline (dollars per gallon) quantity of gasoline (thousands of gallons) demand s 1 s 2 true or false: the price producers receive will be higher if the tax were imposed on consumers. true false if the demand for gasoline were more elastic, this tax would be effective in reducing the quantity of gasoline consumed. true or false: consumers of gasoline are by this tax. true false workers in the oil industry are by this tax.

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Business, 17.09.2019 21:10, hannahkharel2

Which of the following statements is true? a. the equilibrium price after a specific tax will be the same whether the tax is collected from consumers or producers. b. the equilibrium price after a specific tax will depend on whether the tax is collected from consumers or producers. c. the tax incidence on consumers will be higher if the tax is collected from consumers. d. the tax incidence on producers will be higher if the tax is collected from producers. which of the following statements is true? a. more tax revenue is raised if a tax is collected from consumers. b. more tax revenue is raised if a tax is collected from producers. c. more tax revenue is raised if a tax is collected from both consumers and producers. d. the same tax revenue is raised regardless of whether the government collects the tax from consumers or producers. e. there is no way to identify with any certainty the collection conditions under which more tax revenue will be raised.

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Business, 24.10.2019 02:30, hurstsierra25

Which one(s) did i answer incorectly? identify whether the following statements about the economics of taxes are true or false by dragging anddropping the relevant into the bins provided.the incidence of a tax is determined by which group (buyers or sellers) must write the falsecheck to the government.when the price elasticity of demand is low and the price elasticity of supply is high, the falseburden of a tax falls mainly on producers.the effect of an excise (or commodity) tax on the equilibrium price is the same trueregardless of who the tax is levied upon.when the price elasticity of demand is high and the price elasticity of supply is low, the falseburden of a tax falls mainly on consumers.an excise tax can distort incentives and create missed opportunities for mutually truebeneficial transactions.true false incorrect. if the tax is imposed on suppliers, the equilibrium price increases, if the tax is imposedon consumers, the equilibrium price decreases. it is the equilibrium quantity that is unaffected bywho is asked to pay the tax.

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