Your town is littered with discarded cans and bottles. The town council passes a law requiring all merchants that sell drinks to accept returns of any empty cans or bottles and pay 10 cents per item. Within six months not a can or bottle can be found on the street or other public spaces. What has likely caused this to happen? Select one: O a. All of these. O b. Individuals who want to make some money have collected discarded cans and bottles and returned them to merchants. O c. Merchants have marked up the price of drinks to account for having to pay the 10-cent refund, and fewer drinks are being sold. O d. Merchants have marked up the price of drinks to account for having to pay the 10-cent refund, and customers have returned their cans and bottles to get the 10 cents back. Check

Your town is littered with discarded cans and bottles. The town council passes a law requiring all merchants that sell drinks to accept returns of any empty cans or bottles and pay 10 cents per item. Within six months not a can or bottle can be found on the street or other public spaces. What has likely caused this to happen? Select one: O a. All of these. O b. Individuals who want to make some money have collected discarded cans and bottles and returned them to merchants. O c. Merchants have marked up the price of drinks to account for having to pay the 10-cent refund, and fewer drinks are being sold. O d. Merchants have marked up the price of drinks to account for having to pay the 10-cent refund, and customers have returned their cans and bottles to get the 10 cents back. Check

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 36 Under rent control, landlords cease to be responsive to tenants' concerns about the quality of the housing because O a. with rent control, the government guarantees landlords a minimum level of profit. O b. they become resigned to the fact that many of their apartments are going to be vacant at any given t Oc. with shortages and waiting lists, they have no incentive to maintain and improve their property. d. with rent control, it becomes the government's responsibility to maintain rental housing.
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