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Author Question: An increase in the tax wedge associated with a given economic activity will decrease the level of ... (Read 101 times)

penza

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on: Jun 29, 2018
An increase in the tax wedge associated with a given economic activity will decrease the level of that activity.
 
  Indicate whether the statement is true or false

Question 2

What is the difference between an increase in demand and an increase in quantity demanded?
 
  A) An increase in demand is represented by a movement along a given demand curve, while an increase in quantity demanded is represented by a rightward shift of the demand curve.
  B) There is no difference between the two terms; they both refer to a movement downward along a given demand curve.
  C) An increase in demand is represented by a rightward shift of the demand curve while an increase in quantity demanded is represented by a movement along a given demand curve.
  D) There is no difference between the two terms; they both refer to a shift of the demand curve.


DylanD1323

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

TRUE

Answer to Question 2

C


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