Refer to the below graphs. Which graph depicts a situation where sellers are increasing their output because their product is becoming more popular among buyers?

The Laffer curve is based on the idea that if the tax rate is sufficiently high, then raising it even more will actually reduce total tax revenues. According to Laffer, this happens because the growing tax rates reduce economic activity at an even faster rate

a. True b. False Indicate whether the statement is true or false

From 1960 to today, women's labor-force participation rate in the U.S.:

A.  Stayed relatively stable at 50% B.  Increased from about 40% to 60% C.  Fell from 50% to 40% D.  Increased slightly from 60% to 65%