Refer to the accompanying figure. Assume the market is originally at point W. Movement to point X is the result of: 
A. an increase in demand and an increase in quantity supplied.
B. a decrease in supply and an increase in quantity demanded.
C. an increase in supply and an increase in demand.
D. an increase in supply and an increase in quantity demanded.
Answer: A
Economics
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Refer to Scenario 1 . What is the economic significance of 25 fish captured and 25 crabs captured?
What will be an ideal response?
Economics
A tax is regressive if it
A. is levied on consumers. B. takes a smaller percentage of income as income increases. C. takes a higher percentage of income as income increases. D. takes the same percentage of income regardless of income level.
Economics