stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
applying demand and supply model Flashcards | StudBud
Explore
/
applying demand and supply model
applying demand and supply model
11 terms
·
StudBud Administration
·
37 plays
Imported from external platform
Flashcards
11 cards
F
Practice quiz
P
Host live
L
Questions
11
Answers
1
After a tariff of $3 the new producer surplus is
$30,000
$15,000
$60,000
$90,000
2
the blue area in the graph represents
PS after subsidy
dead weight loss with tax
CS after subsidy
Dead weight loss with subsidy
3
the green area represents
PS after an indirect tax
CS after a subsidy
CS after an indirect tax
CS after a subsidy
4
which area shows the loss of CS because of the tax
DJK
BKDI
BHCK
CDJK
5
In the short run
at least one resource is fixed
all resources are fixed
no resources are fixed
it is less than 1 year
6
The most likely of the following would be called a sunrise industry
television
coal
robotics
Postal services
7
which supply curve represents the momentary period?
S3
S1
S2
8
An indirect tax on mobile phones will shift equilibrium to
E
H
G
F
9
The movement from X to Y is primarily driven by (caused by)
producers
consumers
the government
cosmic forces
10
If the benefit of the subsidy goes mostly to the producer then
supply is inelastic
demand is elastic
supply is elastic
demand is inelastic
11
CS plus PS =
$400
$200
$100
$300