How do we describe it when a person who's 45 years old saves a large amount of her income for retirement?

Refer to Figure 13-1. Ceteris paribus, a decrease in personal income taxes would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

A price ceiling that is set above the equilibrium price:

A. will have no effect on the market. B. will lead to a black market. C. will lead to excess supply in the market. D. will lead to excess demand in the market.