Author Question: In deriving the demand schedule for a good, economists assume that A) consumers have equal ... (Read 55 times)

asan beg · **on:** Jun 29, 2018

In deriving the demand schedule for a good, economists assume that

A) consumers have equal incomes to allocate among goods.
B) a consumer will allocate all of her income to one good.
C) all other influences on demand except the product price are held constant.
D) reported income changes at each point on the demand schedule.

Question 2

An example of a regressive tax is the

A) corporate income tax.
B) personal income tax.
C) Social Security tax.
D) state inheritance tax.