Author Question: An increase in the tax wedge associated with a given economic activity will decrease the level of ... (Read 144 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
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

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

TRUE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library