Pretzel stands in new york city are a perfectly competitive industry in long-run equilibrium. one day, the city starts imposing a $100 per month tax on each stand. how does this policy affect the number of pretzels consumed in the short run and in the long run?
a. down in the short run, no change in the long run
b. up in the short run, no change in the long run
c. no change in the short run, down in the long run
d. no change in the short run, up in the long run

it id the first and last option

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consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.