The labor-force participation rate is computed as

The demand for oranges increases while the supply decreases. The equilibrium price of oranges ________, and the equilibrium quantity ________

A) rises; decreases B) falls; perhaps changes but we can't say if it increases, decreases, or stays the same C) falls; increases D) does not change; perhaps changes but we can't say if it increases, decreases, or stays the same E) rises; perhaps changes but we can't say if it increases, decreases, or stays the same

In 1789, the average American paid approximately what percent of income in taxes?

a. 5% b. 15% c. 33% d. 50%