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If the government levies a $700 tax per motorcycle on sellers of motorcycles, then the
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- What effect does a per-gallon tax on gasoline have on the market for gasoline? Who pays for the increase in tax?Many cities have experienced a substantial decrease in the amount of garbage being collected after they changed from levying a flat tax on each household to a system where the homeowner is charged a fee for each bag or can picked up. Would this have been the result of a change in demand or a change in the quantity demanded? Would you recommend the flat fee or the fee per bag? Why?Explain what happen if a supplier charged more than the market price
- In a country the Government determines to increase the tax on gasoline by $0.20 per gallon. The price of gasoline after taxes though only goes up by $0.15. Does this mean the gas station is not collecting the correct amount of taxes?What is the benefit to bystanders from reducing the quantity from 160 to 120why do comsumers pay the tax on goods if the elasticity of demand is less than the elasticty of supply?
- Cities have experienced a decline in garbage collection. Municipalities changed from a flat fee to a price per bag fee. Would you recommend a flat fee or price per bag if the change in quantity demanded was affected?T/F Price is the sole determinant of demand.ow does it tend to affect prices when licensing is required for entry into a particular field of work? It tends to lower prices. It tends to raise prices. There is no consistent effect on prices caused by licensing. It stays the same.
