Tax deductions were significantly ____ under the Tax Reform Act of 1986

a. increased
b. decreased
c. expanded
d. left unchanged for individual taxpayers

b

Economics

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The income elasticity of demand for vacations is 5. If incomes increase by 3 percent next year, the quantity of vacations demanded at today's price will increase by ________ percent

A) 3 B) 5/3 C) 15 D) 5

Economics

Refer to the diagram. At output level Q total cost is:



A. 0BEQ.
B. BCDE.
C. 0BEQ + BCDE.
D. 0AFQ + BCDE.

Economics