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
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
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 3TY
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