Author Question: If more buyers came into the market for a good, we would expect to see the market demand curve A) ... (Read 150 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
If more buyers came into the market for a good, we would expect to see the market demand curve
 
  A) shift inward and to the left.
  B) remain unchanged since none of the determinants of individual demand changed.
  C) shift outward and to the right.
  D) reflect a positive relationship between price and quantity demanded.

Question 2

When income is 15,000, the amount of income income taxes owed is 2,000; when income increases to 20,000, the amount owed increases to 3,000. The marginal tax rate in this case is
 
  A) 20 percent.
  B) 13.3 percent.
  C) 15 percent.
  D) 25 percent.



lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

For a complete list of videos, visit our video library