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Author Question: Kariuki decreases his consumption of grapes after his income goes up. For Kariuki A) grapes and ... (Read 60 times)

rayancarla1

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on: Jun 29, 2018
Kariuki decreases his consumption of grapes after his income goes up. For Kariuki
 
  A) grapes and income are substitute goods.
  B) grapes and income are complementary goods.
  C) grapes are an inferior good.
  D) grapes are a superior good.

Question 2

Dynamic tax analysis generally predicts
 
  A) that the higher the tax rate is, the higher the tax revenue will continue to be into the future.
  B) that the higher tax rates lead to higher revenues only to a point at which revenues will begin to decrease due to a diminishing tax base.
  C) that lower tax rates will always and continuously lead to increased tax revenues.
  D) that lower tax rates are always going to lead to decreased tax revenues.


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tashiedavis420

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

C

Answer to Question 2

B


rayancarla1

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Reply #2 on: Jun 29, 2018
Thank you :)


tashiedavis420

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Reply #3 on: Jun 29, 2018
Happy to help you


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