High marginal income tax rates
a. distort incentives to work.
b. are used to encourage saving behavior.
c. will invariably lead to lower average tax rates.
d. are not associated with deadweight losses.
a
Economics
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Which of the following will not increase the demand for iced tea?
a. an increase in advertising that makes drinking iced tea more appealing b. an increase in the price of iced coffee, a substitute product c. an increase in the income of consumers (assume that iced tea is a normal good) d. a decrease in the price of iced tea
Economics
If a demand curve is unit elastic, then P times Q will remain constant when P changes
a. True b. False Indicate whether the statement is true or false
Economics