If supply and demand both simultaneously increase
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls.
B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate.
C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate.
D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely rises.
Question 2
Local government expenditures depend on which taxes?
A) revenues from licenses and permits
B) local property, sales, and excise taxes
C) capital gains taxes
D) Social Security taxes
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The price of rice in a small country is currently $6 per pound. In order to help low-income ...