Author Question: All of the following will affect the position of the demand curve EXCEPT A) income. B) taste and ... (Read 58 times)

@Brianna17 · **on:** Jun 29, 2018

All of the following will affect the position of the demand curve EXCEPT

A) income.
B) taste and preference.
C) changes in expectations of future relative prices.
D) prices of resources used to produce the product.

Question 2

Social Security taxes are

A) progressive because all workers pay the tax.
B) regressive because higher income workers pay taxes on a smaller percentage of their income.
C) proportional because everyone is charged the same percentage tax rate.
D) regressive because higher income workers don't pay the tax.