Which curve shifts and in which direction when the following events occur in the tax accounting...
Which curve shifts and in which direction when the following events occur in the tax accounting market?
a. "It is almost tax day (April 15)!"
Demand decreases.
Demand increases.
Supply increases.
Supply decreases.
Neither curve changes.
b. A new software is developed that helps individuals file their taxes on their own.
Demand decreases.
Supply decreases.
Demand increases.
Neither curve changes.
Supply increases.
c. There is a change in the law and tax accountants now only need one year of training to prepare taxes.
Supply increases.
Demand increases.
Supply decreases.
Neither curve changes.
Demand decreases.
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Which curve shifts and in which direction when the following
events occur in the tax accounting...
When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equi...
When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equilibrium price and quantity? O O Price falls and quantity decreases. Price falls and quantity increases. Price rises and quantity decreases Price rises and quantity increases. O
A shift in the demand curve will occur when OA, supply shifts. B. consumers' income changes....
A shift in the demand curve will occur when OA, supply shifts. B. consumers' income changes. O C. the price of an input used to produce the good changes 0 D. the price of the product changes.
QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level...
QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level falls. b. The dollar depreciates for some reason other than a change in the price level. c. Stock prices fall for some reason other than a change in the price level. d. The price level rises. QUESTION 24 Aggregate demand shifts left when the government a. decreases taxes. b. cuts military expenditures. c. creates a new investment tax credit d. None of the above...
If the government imposes a tax on buyers as a way of reducing pollution, which curve...
If the government imposes a tax on buyers as a way of reducing pollution, which curve is affected and how? Select one: A. The supply curve shifts to the left. B. The demand curve shifts to the right. c. Neither the demand nor the supply curve is affected but the price will increase. D. The supply curve shifts to the right. E. The demand curve shifts to the left.
Which of the following would shift the aggregate demand curve to the left?
Which of the following would shift the aggregate demand curve to the left? Increase in government purchases, money supply or gross private investment Decreases in government purchases, decreases in money supply, increases in taxes Increases in taxes, increases in government purchases, decreases in money supply Decreases in taxes, government purchases or money supply
Which of the following shifts aggregate demand to the left?
Which of the following shifts aggregate demand to the left? a. Interest rates fall. b. Stock prices fall for some reason other than a change in the price level. c. The dollar depreciates for some reason other than a change in the price level. d. The price level rises. Which of the following shifts aggregate demand right? a. both a decrease in the price level and the implementation of an investment tax credit b. a decrease in the price level but not the implementation of an investment...
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to...
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to the right. tne long-run aggregate supply curve shifts to the left. C) the 20) When aggregate demand curve shifts to the left. the short-run aggregate supply curve shifts to the left. t spending without an accompanying increase 21) An increase in govenment spending n taxes demand A) does not increase aggregate B) would effectively eliminate an inflationary gap. Q mquires additional govemment borrowing spending...
which of the following events can shift the level of demand (demand is the relationship between...
which of the following events can shift the level of demand (demand is the relationship between price and quantity demanded)? a. price of the good changes b. supply increases or decreases c. population grows in a particular market area
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
6. For each of the following events, indicate (1) which curve will shift on the graph...
6. For each of the following events, indicate (1) which curve will shift on the graph for Lay's potato chips (Supply (S), Demand (D), or Both (B)), and (2) what will happen to the market clearing price as a result (Rise (R), Fall (F), or Indeterminate (). a. (5 pts) New research studies are published that show eating Lay's potato chips is linked to having a high IQ. i. (S/D) _curve shifts (L/R/I) ii. Market clearing price (R/F/1). b. (5...
When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equilibrium price and quantity? O O Price falls and quantity decreases. Price falls and quantity increases. Price rises and quantity decreases Price rises and quantity increases. O
A shift in the demand curve will occur when OA, supply shifts. B. consumers' income changes. O C. the price of an input used to produce the good changes 0 D. the price of the product changes.
If the government imposes a tax on buyers as a way of reducing pollution, which curve is affected and how? Select one: A. The supply curve shifts to the left. B. The demand curve shifts to the right. c. Neither the demand nor the supply curve is affected but the price will increase. D. The supply curve shifts to the right. E. The demand curve shifts to the left.
the government cuts tases or inereases government spending 20) ) the aggregate demand curve shifts to the right. tne long-run aggregate supply curve shifts to the left. C) the 20) When aggregate demand curve shifts to the left. the short-run aggregate supply curve shifts to the left. t spending without an accompanying increase 21) An increase in govenment spending n taxes demand A) does not increase aggregate B) would effectively eliminate an inflationary gap. Q mquires additional govemment borrowing spending...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
6. For each of the following events, indicate (1) which curve will shift on the graph for Lay's potato chips (Supply (S), Demand (D), or Both (B)), and (2) what will happen to the market clearing price as a result (Rise (R), Fall (F), or Indeterminate (). a. (5 pts) New research studies are published that show eating Lay's potato chips is linked to having a high IQ. i. (S/D) _curve shifts (L/R/I) ii. Market clearing price (R/F/1). b. (5...
Most questions answered within 3 hours.
-
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 13 minutes ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 14 minutes ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 1 hour ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 57 minutes ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 30 minutes ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 52 minutes ago -
What are some best practices and things to avoid when developing
a PowerPoint presentation or file
asked 55 minutes ago -
Consider the ways that the government can get involved in
economic issues. What role do you...
asked 31 minutes ago -
Sodium carbonate is added to the tea mixture, in part, to form
the sodium salt of...
asked 53 minutes ago -
he plant started to purify its wastewater before discharging it
into the lake. How long will...
asked 1 hour ago -
Thiazyl fluoride, F3NS is a colourless gas. Using concepts of
electronegativity, formal charge etc. determine the...
asked 1 hour ago -
1. Why is an explicit inflation target a bad policy?
2. MV=PQ If M grows, then...
asked 48 minutes ago