Asked by Barry Vacker
What is equilibrium?
A. A good for which, other things equal, an increase in income leads to an increase in demand
B. A situation in which the price has reached the level where quantity demanded equals quantity supplied***
C. A curved graph that illustrates the theory that, if tax rates rise beyond a certain level, they discourage economic growth, thereby reducing government revenues
D. A tax on goods produced abroad and sold domestically
A. A good for which, other things equal, an increase in income leads to an increase in demand
B. A situation in which the price has reached the level where quantity demanded equals quantity supplied***
C. A curved graph that illustrates the theory that, if tax rates rise beyond a certain level, they discourage economic growth, thereby reducing government revenues
D. A tax on goods produced abroad and sold domestically
Answers
Answered by
Ms. Sue
I agree.
Answered by
Barry Vacker
Thank you! I have to turn in this assignment by midnight and that was my last question!
Answered by
Ms. Sue
You're welcome. :-)\
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.