Lower taxes on businesses will shift the aggregate:

A. demand curve rightward.
B. demand curve leftward.
C. supply curve rightward.
D. supply curve leftward.


Answer: C

Economics

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Some economists have suggested that network externalities result in consumers being locked into the use of products with inferior technologies

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It is ________ profit maximizing for firms to dump in foreign markets

A) never B) sometimes C) always

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In the above figure, the profit-maximizing rate of production for the perfectly competitive firm is

A) 5. B) 10. C) 13. D) none of the above.

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For which of the following markets would the fallacy of composition most likely apply?

A. Orange market in Florida B. Labor market C. Gasoline market D. Poultry market

Economics