« previous next »

Author Question: What information is provided by a demand curve? What variables are measured along the axes of the ... (Read 20 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
What information is provided by a demand curve? What variables are measured along the axes of the graph?
 
  What will be an ideal response?

Question 2

Another name for a flat-rate tax in which the same tax rate applies to all income earners is a
 
  A) proportional tax.
  B) progressive tax.
  C) regressive tax.
  D) passive tax.


shailee

  • Sr. Member
  • ****
  • Posts: 392
Reply #1 on: Jun 29, 2018
Answer to Question 1

The demand curve is a graphical representation of a demand schedule. The price per unit is measured along the vertical axis and the number of units per period of time is measured along the horizontal axis. The units of the good are identical so that quality is held constant. The price is the relative price, so all other prices are held constant. The demand curve pictures the relationship between relative price and the quantity purchased.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

A simulated-color map of the surface of Venus as measured by synthetic aperture radar on the Magella A simulated-color map of the surface of Venus as measured by synthetic aperture radar on the Magella
The Light Curve of a Nova The Light Curve of a Nova
An Inverted U Curve An Inverted U Curve
J or U dose-response curve J or U dose-response curve
The obese (ob) mouse mutant, shown on the left (a normal mouse is on the right), has provided many c The obese (ob) mouse mutant, shown on the left (a normal mouse is on the right), has provided many c
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library