if the city of San Jose removes a tax on hotel rooms, then the price paid by buyers will Group of answer choices 1. increase, and the price received by hotel owners will increase. 2. increase, and the price received by hotel owners will decrease. 3. decrease, and the price received by hotel owners will increase. 4. decrease, and the price received by hotel owners will decrease. A $0.15 tax levied on the sellers of Snickers chocolate will cause the Group of answer choices 1. supply curve for Snickers chocolate to shift down (=increase) by $0.15 2. supply curve for Snickers chocolate to shift up (=decrease) by $0.15. 3. demand curve for Snickers chocolate to shift down (=decrease) by $0.15. 4. demand curve for Snickers chocolate to shift up (=increase) by $0.15.
if the city of San Jose removes a tax on hotel rooms, then the price paid by buyers will Group of answer choices 1. increase, and the price received by hotel owners will increase. 2. increase, and the price received by hotel owners will decrease. 3. decrease, and the price received by hotel owners will increase. 4. decrease, and the price received by hotel owners will decrease. A $0.15 tax levied on the sellers of Snickers chocolate will cause the Group of answer choices 1. supply curve for Snickers chocolate to shift down (=increase) by $0.15 2. supply curve for Snickers chocolate to shift up (=decrease) by $0.15. 3. demand curve for Snickers chocolate to shift down (=decrease) by $0.15. 4. demand curve for Snickers chocolate to shift up (=increase) by $0.15.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 20RQ: Under which circumstances does line tax burden fall entirely on consumers?
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Question
if the city of San Jose removes a tax on hotel rooms, then the price paid by buyers will
Group of answer choices
1. increase, and the price received by hotel owners will increase.
2. increase, and the price received by hotel owners will decrease.
3. decrease, and the price received by hotel owners will increase.
4. decrease, and the price received by hotel owners will decrease.
A $0.15 tax levied on the sellers of Snickers chocolate will cause the
Group of answer choices
1. supply curve for Snickers chocolate to shift down (=increase) by $0.15
2. supply curve for Snickers chocolate to shift up (=decrease) by $0.15.
3. demand curve for Snickers chocolate to shift down (=decrease) by $0.15.
4. demand curve for Snickers chocolate to shift up (=increase) by $0.15.
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