A negative network externality causes demand to become:

The above figure gives your budget line between CDs and magazines. If the price of a magazine increased, then the budget line

A) shifts outward and the slope does not change. B) rotates inward with no change in the horizontal intercept. C) rotates inward with no change in the vertical intercept. D) rotates outward with no change in the vertical axis.

The average tax rate is defined as

A) total tax due/change in taxable income. B) total tax due/total taxable income. C) change in taxes due/change in taxable income. D) change in taxes due/total taxable income.