Suppose the price of a product increases from €50 to €70 and the quantity supplied rises from 40 a day to 80. What is the Price Elasticity of Supply?

Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, his marginal tax rate would be

A) 22.99%. B) 23.75%. C) 38%. D) 95%.

Suppose there is a simultaneous central bank sale of bonds and tax increase. We know with certainty that this combination of policies must cause

A) an increase in the interest rate (i). B) a reduction in i. C) an increase in output (Y). D) a reduction in Y.