A sales tax is an example of an excise tax

Indicate whether the statement is true or false

T

Economics

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As real disposable income increases, consumption expenditures

A) increase by the same amount. B) increase by a smaller amount. C) increase by a larger amount. D) remain constant.

Economics

____ occurs when a consumer's quantity demanded for a good increases because a ____ number of consumers purchase the same good

a. A negative network externality; greater b. A positive network externality; greater c. Bandwagon effect; fewer d. A positive network externality; fewer

Economics