ECON 20A Study Guide - Final Guide: Price Ceiling, Scantron Corporation, European Credit Transfer And Accumulation System
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Instructions: choose the best answer for each question. Mark your answers on this exam and on your scantron sheet. You may not use any outside materials: calculators, smartphones, scratch paper, etc. The diagram below represents supply and demand in the market for orange juice. The diagram below re ects supply and demand in the market for sprockets. Sprockets. (d) the equilibrium price would be per sprocket and the equilibrium quantity would be 4 sprock- ets: suppose that the government imposes a tax on sprocket buyers of per sprocket purchased. 4: if the government imposes a tax on buyers of per sprocket, then how much tax revenue will the government collect from the tax? (a) . (b) . (c) . (d) . The diagram below represents the market for widgets. Suppose that the government provides producers with a subsidy per widget that they sell.
