Refer to the below schedules. Suppose that price influences the availability of the economic resource, and the equilibrium price is $2. Which resource supply schedule would apply in this case?
Use the following demand schedule and possible supply schedules, A-D, to answer the question.
A. A
B. B
C. C
D. D
D. D
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A. smaller; larger B. larger; smaller C. larger; larger D. smaller; smaller
Figure 4.3 illustrates the demand for tacos. A decrease in price of tacos would bring about a movement from
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A) lower; higher B) higher; lower C) higher; higher D) lower; lower
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A) social-insurance tax B) excise tax C) income tax D) value-added tax