system is pays $1000 per year of tax, regardless of his/her income. This tax a.
ID: 1128039 • Letter: S
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system is pays $1000 per year of tax, regardless of his/her income. This tax a. perfectly elastic. b. proportional. c. progressive. d. regressive. only comprehensible to people with a Ph.D. in Sanskrit literature. 37. In the for Qs 60-P. What are the equilibrium price and quantity o Q.-2P e market for jonyers, the supply curve is given by Q, -2P. The demand curve is given by a. b. c, d. e, P-310, Q = 20 P-340, Q-20 P-330, Q = 30 P-S20, Q = 40 P-$30, Q=20 b P SI0. 0-20 38·The equilibrium price for a carved woodchuck is S20, A price-floor law is put into effect. The price floor is enforced at $30 per carved woodchuck. What effect(s) will the price floor have? b. c. d. e. The price floor will lead to a shortage. The price floor will lead to a surplus. The price floor will have no effect. All of the above. (a) and (d). 39. We discussed tariffs, import quotas, and voluntary export restraints, all of which are interferences with international trade. Which of these has the potential to be beneficial to exporters? a. Tariffs b. Import quotas c. Voluntary export restraints d. All of the above e. (b) and (c) only 40. There is a decrease in the price of a movie download, from $5.50 to $4.50. As a result, the quantity demanded increases from 850 to 1150. What is the own-price elasticity of demand? a. 3.14159 b. zero c. 0.5 d. 1.0 e. 1.5Explanation / Answer
36. B) proportional
In proportional tax rate the tax rate is fixed and there is no chance even when the amount to be taxed changes or not.
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