In June, buyers of titanium expect that the price of titanium ...

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In June, buyers of titanium expect that the price of titanium will fall in July. What happens in the titanium market in June, holding everything else constant?
 
  A) The quantity demanded increases. B) The demand curve shifts to the left.
  C) The quantity demanded decreases. D) The demand curve shifts to the right.

Question 2

Marginal tax rates and average tax rates are rarely the same. What happens to the relationship between marginal tax rates and average tax rates as incomes rise in the highest tax brackets?
 
  What will be an ideal response?

[Qarqy]

Answer to Question 1

B

Answer to Question 2

The average tax rate begins to become closer and closer to the marginal tax rate in the highest tax brackets. The reason is that the marginal rate on the last dollars earned raises the average tax rate. Since fewer dollars as a percentage of income are taxed at lower rates the average begins to converge to the marginal rate.

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Thank you

[Qarqy]

No problemo