5 Answered Questions for the topic ap economy

11/08/21

ap economics question (can someone explain why? thanks)
Which of the following is the most likely to be a regressive tax?a) a sales tax on all goodsb) a tax of $1,000 per personc) a personal income tax of 25% on all incomed) a personal income tax of 15%... more
Follows • 1
Expert Answers •1

11/08/21

ap econ question
An excise tax drives a wedge between the supply price and the demand price with a height equal to:a) the demand price of the good.b) the pre-tax price of the good.c) the total tax revenue collected... more
Follows • 1
Expert Answers •1

10/30/21

Ap Econ question
Which of the following leads to a more inelastic price elasticity of supply?a) a shorter time period in which to supply the goodb) a small demand for the goodc) a high degree of substitutability... more
Follows • 2
Expert Answers •1

10/22/21

economy questions
By convention, a price elasticity of demand of 5 indicates that a 1% increase in price leads to a in the quantity demanded. (Answer is e, but I want to know why it's the answer)a) 0.2% decreaseb)... more
Follows • 1
Expert Answers •1

10/22/21

ap economy question
Which of the following statements is true? (answer is b but please explain why)a) Normal goods and inferior goods differ in regard to the direction of the substitution effect caused by a price... more
Follows • 1
Expert Answers •1

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.