Homework Answers
Q1.
Answer: b
The change in quantity cannot be told, but the price will fall quite sure.
The decrease in income reduces demand. It shifts the demand curve to the left.
The discovery of new technology increases production facility. This increases supply and the curve should shift to the right.
Q2.
Answer: a
The expression is as below:
Tax = Rate × Amount
Or, Tax = 9% × 234.41
Or, Tax = (9/100) × 234.41
Or, Tax = 0.09 × 234.41
Or, Tax = 0.09(234.41)
Add Answer to:
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