Refer to Figure 13-1. Ceteris paribus, a decrease in personal ...

[joesmith1212]

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.

[joshbk44]

Answer to Question 1

A

Answer to Question 2

C

[joesmith1212]

Excellent

[jomama]

YES! Correct, THANKS for helping me on my review