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Author Question: Refer to Figure 13-1. Ceteris paribus, a decrease in personal income taxes would be represented by a ... (Read 48 times)

joesmith1212

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on: Jun 29, 2018
Refer to Figure 13-1. Ceteris paribus, a decrease in personal income taxes would be represented by a movement from
 
  A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

Question 2

Refer to Figure 3-4. If the current market price is 25, the market will achieve equilibrium by
 
  A) a price decrease, decreasing the supply and increasing the demand.
  B) a price increase, increasing the quantity supplied and decreasing the quantity demanded.
  C) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
  D) a price increase, increasing the supply and decreasing the demand.


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joshbk44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


joesmith1212

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Reply 2 on: Jun 29, 2018
Wow, this really help

amynguyen1221

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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