Mrs. David Archuleta
New member
...answer =)? 1) An increase in the price in product A together with a decrease in the quantity of A demanded could be the result of a
:
A. in crease in consumer incomes
B. increase in the wages of workers making A
C. decrease in the price of substitute A
D. increase in the price of a complementary product
2) What is the likely effect on the market system for wine of simultaneous increase in both consumer incomes and producer taxes on wine?
A. an increase in both price and quantity
B. an increase in price and decrease in output
C. decrease in price and an indeterminate effect on quantity
D. increase in price and an indeterminate effect on quantity
3) The profits of a sole proprietorship are:
A. subject to limited liability
B. subject to unlimited liability
C. taxed as personal income
D. taxed as corporate income
:A. in crease in consumer incomes
B. increase in the wages of workers making A
C. decrease in the price of substitute A
D. increase in the price of a complementary product
2) What is the likely effect on the market system for wine of simultaneous increase in both consumer incomes and producer taxes on wine?
A. an increase in both price and quantity
B. an increase in price and decrease in output
C. decrease in price and an indeterminate effect on quantity
D. increase in price and an indeterminate effect on quantity
3) The profits of a sole proprietorship are:
A. subject to limited liability
B. subject to unlimited liability
C. taxed as personal income
D. taxed as corporate income