Who gets the benefit when there is a surplus market condition? a. Consumers b. Sellers c. middlemen because there is a lot to be transacted d. Government because of Taxes If Quantity Demanded is less than Quantity Supplied. a. curves will shift to the right b. suppliers get all the benefit c. consumers gets most of the benefit d. government gets taxes Cars and gasoline are an example pf what types of goods? a. Luxury b. Complimentary c. Substitute d. Composite
Who gets the benefit when there is a surplus market condition? a. Consumers b. Sellers c. middlemen because there is a lot to be transacted d. Government because of Taxes If Quantity Demanded is less than Quantity Supplied. a. curves will shift to the right b. suppliers get all the benefit c. consumers gets most of the benefit d. government gets taxes Cars and gasoline are an example pf what types of goods? a. Luxury b. Complimentary c. Substitute d. Composite
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
Section: Chapter Questions
Problem 6CQQ
Related questions
Question
100%
Who gets the benefit when there
is a surplus market condition?
a. Consumers
b. Sellers
c. middlemen because there is a lot to
be transacted
d. Government because of Taxes
If Quantity Demanded is less than
Quantity Supplied.
a. curves will shift to the right
b. suppliers get all the benefit
c. consumers gets most of the benefit
d. government gets taxes
Cars and gasoline are an example
pf what types of goods?
a. Luxury
b. Complimentary
c. Substitute
d. Composite
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning