In the U.S., the share of taxes ____ during the early years of George W. Bush's presidency and ____ since then
a. decreased; increased somewhat
b. decreased; further decreased
c. increased; further increased
d. increased; decreased somewhat
e. increased; remained constant
a
Economics
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Which of the following factors will make the demand for a product relatively elastic?
A. The good is considered a necessity. B. There are few substitutes. C. The time interval considered is long. D. Purchases of the good require a small portion of consumers' budgets.
Economics
The graph above shows cost curves for a perfectly competitive firm. If market price is $5, how much output will the firm produce?
A. 600 units B. 500 units C. 0 units D. 200 units
Economics