Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes, and the supply curve of shoes ________

Which of the following accurately summarize the empirical evidence about technical analysis?

A) Technical analysts fare no better than other financial analysis—on average they do not outperform the market. B) Technical analysts tend to outperform other financial analysis, but on average they nevertheless under-perform the market. C) Technical analysts fare no better than other financial analysis, and like other financial analysts they outperform the market. D) Technical analysts fare no better than other financial analysis, and like other financial analysts they under-perform the market.

A tax that taxes a larger percentage of an individual's income as their income rises is called a _____

a. proportional tax b. progressive tax c. head tax d. regressive tax