Tax reductions should also reduce the amount of consumer expenditures
a. True
b. False
Indicate whether the statement is true or false
False
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A rightward shift of a demand curve represents a decrease in demand
a. True b. False
If there is a decrease in demand a. firms would be willing to supply less of the good than before at each possible price. b. buyers are willing to purchase less of the good than before at each possible price. c. buyer's taste for the good has increased
d. the price of the product has increased, causing consumers to buy less of the product.
If the supply curve remains constant, an outward shift in the demand curve for a commodity causes the price of factors used in its production to decline
a. True b. False Indicate whether the statement is true or false
A move from E to F represents
A. a change in quantity supplied.
B. no change in supply.
C. an increase in supply.
D. a decrease in supply.