Answer: The correct answers are "decrease" and "decrease".
Explanation: Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would <u>decrease</u> and the equilibrium price of soda would <u>decrease.</u>
Answer:
Money can easily be divided into smaller denominations is the correct answer.
Explanation:
Answer:
Option "A" is correct.
Explanation:
Option “A” is correct because the demand schedule is a tabular statement that shows the different prices and quantities. Basically, this tabular statement shows the different quantity demanded at different prices. At the higher price, the demand is lower and at lower prices, the demand is higher. Therefore, the price and demand have an inverse relationship, and the demand curve is downward sloping.
Land, labor, capital, entrepreneurship, and knowledge are the factors of production or also called the "resources used to create wealth".
