Other things constant, if wheat production is a price-taker industry, a decrease in the price of fertilizer used to grow wheat will
a. increase the supply of wheat.
b. increase the demand for wheat.
c. decrease the supply of wheat.
d. do both a and b.
A
Economics
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Regressive income taxes are
A) an important form of income redistribution. B) present when the average tax rate decreases as income decreases. C) present when the average tax rate decreases as income increases. D) Both answers A and B are correct.
Economics
If the rich pay more in taxes than the poor, the tax system must be progressive
a. True b. False Indicate whether the statement is true or false
Economics