Considering acondition that the buyer instead of the seller pays an excise tax, then whichof the following statements is most likely description of the price?
A The price received will be the same asif the seller had paid the tax.
B The price paidwill be higher than if the seller had paid the tax.
C The price receivedwill be lower than if the seller had paid the tax.
The followingequation describes the Nike’s monthly demand for visits to the health club: Qd= 30 – 5P, where Qd is visits per month and P is dollar per visit.
Which of thefollowing is the impact on elasticity when price decrease given that the demand curve is negative?
C. Stay the same
Which of the following is the result from an expansionary fiscal policy?
A.an increase in government spending on social insurance and benefits.
B. crowding out of private investments.
C. an increase in capital gains tax rates.
Following is themarket demand function for a private high school.Qprd = 80– 4 Ppr +0.9I+0.8Ppu.
Where Qprd is thenumber of applicants to the private high school per year in thousands , Ppr isthe average price of private high school (in thousands of RMB), I is thehousehold monthly income (in thousands of RMB), and Ppu is the average price ofpublic (government-supported ) . Assume that Ppr is equal to 35, I is equal to80, and Ppu is equal to 20 .Please calculate the cross-price elasticity ofdemand for the private high school with respect to the price of public highschool？
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