An increase in supply causes
A) quantity supplied to decrease.
B) supply and price to increase.
C) price to decrease.
D) price to increase.
C
Economics
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Explain why an increase in the tax rate can result in lower tax revenues
What will be an ideal response?
Economics
Generally, expenses on a truck are a large part of a consumer's budget, so the demand for trucks is more likely to be
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic.
Economics