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1 year ago

The claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises.

1 answer:

8 0

The Law of Demand states that with other things being equal, the quantity demanded of a good falls when the price of that good rises.

<h3>What is the demand law?</h3>

According to the law of demand, as a good's price drops, so does the amount that is sought for.
In other words, according to the law of demand, the demand curve is always downward sloping as a function of quantity and price.

The law of demand, a cornerstone of microeconomics, asserts the inverse connection between price and quantity desired.

In other words, "subject to all other things being equal, the quantity wanted will drop as the price of a good increases , and the quantity demanded will increase as the price of a good lowers .

The Law of Demand states that with other things being equal, the quantity demanded of a good falls when the price of that good rises.

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If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is

guajiro [1.7K]

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.

<h3>What is meant by progressive taxes?</h3>

The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families. A tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on investment income, interest income, rental income, estates, and tax credits are a few examples of progressive taxes.

Based on the amount of tax you must pay relative to your income, taxes can be classified as regressive, proportional, or progressive. As your income declines, regressive taxes force you to pay a bigger proportion of your individual income in taxes. Tax reductions enhance people' discretionary income while reducing the government's revenue. Tax reductions typically refer to decreases in the percentage of income, commodities, and services subject to tax. Tax reductions serve as an illustration of an expansionary fiscal strategy since they give consumers greater discretionary income.

So, If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.

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2 years ago

You need to decide whether to fight a small fire using a portable fire extinguisher.

julsineya [31]

Answer:

If you encounter a fire, a portable fire extinguisher can help protect you and possibly stop the fire in its tracks. This article covers how portable fire extinguishers work and how to use them.

Secure Your Exit

The first and most important purpose of a portable fire extinguisher is to help people escape. Portable fire extinguishers can clear fire away from your escape route or help keep an exit open for others. You should know where extinguishers are located and how to operate them. This helps ensure safe evacuations.

Fight the Fire

The second purpose of a portable fire extinguisher is to fully extinguish fires. This requires training. Portable fire extinguishers cannot extinguish large fires. Many employers do not want their employees fighting fires no matter the size. If this is the case, the extinguishers in your workplace may only be for protecting escape routes. If your employer wants you to fight small fires, they will train you.

Types of Fire Extinguishers

Fire extinguishers are rated to fight different classes of fire. Most extinguishers are rated to fight A, B and C fires, but not all. Make sure the fire extinguisher you use will work on the fire you’re facing. The wrong extinguisher could make things worse.

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3 years ago

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The mission statement of your business should contain all of the following elements except the

Zarrin [17]

C. expected profit margins
the mission statement provides information about the company as to who, why and how they plan to operate

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3 years ago

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In some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp

Leni [432]

Answer:

C. sequential games.

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Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.

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3 years ago

The production of small consumer goods is referred to as?

AURORKA [14]

The correct answer is : light Industry

Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented

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3 years ago