Suppose buyers of fountain drinks are required to send $0.50 to the government for every fountain drink they buy. Further, suppose this tax causes the effective price received by sellers of fountain drinks to fall by $0.20 per drink. Which of the following statements is correct?
a. This tax causes the demand curve for fountain drinks to shift downward by $0.50 at each quantity.
b. The price paid by buyers is $0.30 per drink more than it was before the tax.
c. Forty percent of the burden of the tax falls on sellers.
d. All of the above are correct.

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

In macroeconomics, to study the aggregate means to study blank

If a society decides to produce consumer goods from its available resources, it is answering the economic question