Answer Key to sample problems for test 3

Here is the key to the sample problems for test 3 (found on the I-drive). The handout with some problems relating to excise taxes is on the I-drive, as well as suggested solutions.

1-D, 2-C, 3-D, 4-A, 5-C, 6-D, 7-C,
8-A, 9-D, 10-B, 11-A, 12-B, 13-B,
14-B, 15-B, 16-B, 17-A,
18-B, 19-B, 20-C, 21-C, 22-A, 23-D, 24-C,
25-B, 26-D, 27-D, 28-A, 29-B, 30-C, 31-B,
32-C, 33-B, 34-A, 35-D, 36-C, 37-B, 38-C,
39-C, 40-D, 41-none of the above.

For 41, the answer would be "Panel A; buyers" which is not among the alternatives. Sorry about that.

J