Afederal law is imposed on gun sellers that all buyers of firearms need to have a background check prior to any transaction. sellers are expected to pay for the background check which costs approximately $1.00 per sale. what is expected to happen to the equilibrium price and quantity of firearms sold in the united states? explain only. no graphing will be required.

How do communism and socialism differ in terms of the role that government plays in the economy ?

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.