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Jobisdone [24]
3 years ago
11

the federal government announced significant tax cuts, enabling people to keep a greater portion of their income. what will happ

en to the demand curve

Business
2 answers:
Strike441 [17]3 years ago
5 0

It will shift the demand curve to the right meaning that more people will buy things.

Nostrana [21]3 years ago
3 0

Answer:

The demand curve will move to the right

Explanation:

Tax cuts: This is the reduction of tax been levied on income of individuals or firms. this enables workers/employees to have increased take home pay.this kind of policy can be initiated and implemented by the government and and not by employers of labor

The increase in take home pay will definitely lead to increase in quantity of goods or services been demanded ( D1 to D2 )  in the open market which will invariably drive prices higher ( P1 to P2 ), while the supply curve will remain the same the demand curve will shift to the right. businesses tend to flourish in times of tax cut because the increase in demand means profit maximization for business.

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Answer:

b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.

Explanation:

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The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

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3 years ago
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3. A limitation of a command-and-control regulation is that firms have no incentive to remove pollution once they are within the legal pollution limits. TRUE, if the company is complying with current regulation, then that is all it needs to keep functioning without any problem.

4. Command and control situations are always the best option when it comes to reducing the amount of pollution. FALSE, when is the government or Congress the most efficient at doing something. Efficiency is not a characteristic of any government entity.

5. Command-and-control is more flexible than market-based regulation. FALSE,  the terms command and control should give you an idea that government intervention can be anything but flexible.

6. A command-and-control regulation is subject to political considerations. TRUE, command and control regulation is set up by government agencies or Congress and both are political entities by definition. E.g. some governments impose harder environmental controls through the EPA, others impose softer or no controls at all.  

4 0
4 years ago
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