Question 1- If the seller has the constitutional burden, then A.the supply curve is shifted to show the imposition of the tax. B.the after-tax price to the buyer(PB)equals the original price plus the tax. C.the demand curve is shifted to show the imposition of the tax. D.the after-tax price to the seller(PS)equals the original price minus the tax. 2- When an effective production quota is applied, the quantity produced ______ and the price ______. On the last unit, the marginal benefit ______ marginal cost. A.decreases; rises; exceeds B.increases; rises; exceeds C.decreases; falls; is less than D.increases; falls; is less than

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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1- If the seller has the constitutional burden, then

A.the supply curve is shifted to show the imposition of the tax.

B.the after-tax price to the buyer(PB)equals the original price plus the tax.

C.the demand curve is shifted to show the imposition of the tax.

D.the after-tax price to the seller(PS)equals the original price minus the tax.

2- When an effective production quota is applied, the quantity produced ______ and the price ______. On the last unit, the marginal benefit ______ marginal cost.

A.decreases; rises; exceeds

B.increases; rises; exceeds

C.decreases; falls; is less than

D.increases; falls; is less than

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