If Billy's reservation price on a snowboard is $250, how many snowboards would he buy if the market price of snowboards is $500?

Corporate profits are taxed by state and local governments, but not by the federal government

Indicate whether the statement is true or false

In an ordinary election between two candidates, once both candidates have positioned themselves in the political middle, neither has an incentive to move back toward one of the extremes

Indicate whether the statement is true or false