D 1. when both supply and demand curve shift to right the equlibrium price always falls the equilibrium price might rise fall or remain unchanged the equilibrium price always rises the equilibrium price remains unchanged none of these 2. in the australian market for coffee, quantity demanded is given Q=10-p and quantity supplied is given by Q=P where Q represents tones of coffee per year. suppose the government imposes a tax of $1 per ton of coffee. after introduction of tax, it will consumer surplus by

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
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1. when both supply and demand curve shift to right
the equlibrium price always falls
the equilibrium price might rise fall or remain unchanged
the equilibrium price always rises
the equilibrium price remains unchanged
none of these
2. in the australian market for coffee, quantity demanded is given Q-10-p and quantity supplied is given by Q=P where
Q represents tones of coffee per year. suppose the government imposes a tax of $1 per ton of coffee. after
introduction of tax, it will
consumer surplus by ________.
Transcribed Image Text:1. when both supply and demand curve shift to right the equlibrium price always falls the equilibrium price might rise fall or remain unchanged the equilibrium price always rises the equilibrium price remains unchanged none of these 2. in the australian market for coffee, quantity demanded is given Q-10-p and quantity supplied is given by Q=P where Q represents tones of coffee per year. suppose the government imposes a tax of $1 per ton of coffee. after introduction of tax, it will consumer surplus by ________.
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