Neither the demand nor the supply of sugar is perfectly elastic or inelastic. If the government imposes a 5 percent tax on sugar, the O A. quantity of sugar increases. B. price of sugar buyers pay rises by 5 percent. OC. price of sugar buyers pay does not change. O D. price of sugar buyers pay increases by less then 5 percent. O E. price of sugar buyers pay falls by 5 percent. O O
Neither the demand nor the supply of sugar is perfectly elastic or inelastic. If the government imposes a 5 percent tax on sugar, the O A. quantity of sugar increases. B. price of sugar buyers pay rises by 5 percent. OC. price of sugar buyers pay does not change. O D. price of sugar buyers pay increases by less then 5 percent. O E. price of sugar buyers pay falls by 5 percent. O O
Chapter1: Making Economics Decisions
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Neither the demand nor the supply of sugar is perfectly elastic or inelastic. If the government imposes a 5 percent tax on sugar, the
O A. quantity of sugar increases.
O B. price of sugar buyers pay rises by 5 percent.
O C. price of sugar buyers pay does not change.
O D. price of sugar buyers pay increases by less then 5 percent.
As
O E. price of sugar buyers pay falls by 5 percent.
Ass
O Time Remaining: 00:57:34
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his course (ECON202 s2022 online) is based on Bade/Parkin: Foundations of Microeconomics, 9e
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Step 1: Introduction
The link between amount the number of a trade goods that producers wish to sell at numerous costs and therefore the quantity that customers wish to shop for is understood as provide and demand in economic science. it's the foremost usually used model of value determination in economic science. The interaction of provide and demand during a market determines the worth of a trade goods. The ensuing value is understood because the equilibrium value, and it symbolizes a deal between the good's producers and customers. the number of an honest provided by producers equals the number sought-after by customers once the market is in balance.
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