QUESTION 17 tf Congsess decides to redace the tax per pack paid by sellers of ei

Question

QUESTION 17 tf Congsess decides to redace the tax per pack paid by sellers of eigaretes, other things being equal, the eubrim price of cigaretes wall Ial Thas tall im the egaisbrim price can be atnibuted to an) a rightward shift of the supply curve for cigarettes b upward movement along the supply curve for cigareties upward movenent along de demand curve fr cagaretes d leftwaed shait of the supply carve for cigaretes QUESTION 1 Suppose the govenmenest imposes rent conrol (a price celing) below the equailibeian price foe resital housing Whach of the folloning could result a Tenats rik beeaking et control law b The qality of existing rental housing Shortages d All of these

Explanation / Answer

Answer.)

Q17.) a.) Rightward shift of the supply curve for cigarettes.

Reduction in the price of tax on sellers reduces overall cost of production of cigarettes that shifts supply curve rightward.

Q18.) d.) All of these.

Primarily, price ceiling Below equilibrium price leads to shortage. Further, it also decrease house owners willingness to upgrade the facilities in rental houses.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.