If a firm raised its price and discovered that its total revenue fell, then the demand for its product is

For a risk-averse individual, as wealth increases, total utility

A) increases at a decreasing rate. B) increases at a constant rate. C) increases at an increasing rate. D) is constant.

What is meant by the term "tax incidence"? What is the tax incidence of the personal income tax? What is the tax incidence of the corporate income tax?

What will be an ideal response?