The slope of the consumption function is the

According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant

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

Refer to the below graph. How much is the total amount of tax revenue going to the government?

The graphs below illustrate the market for a product on which an excise tax has been imposed by government.

A. $77

B. $80

C. $42

D. $56