The answer should be b. going to the movies with friends
Answer:
<u>the supply curve</u>
Explanation:
Remember the supply curve shows the relationship between the amount of a commodity that a producer (or orange farmer) is <em>willing </em>to offer and at a particular price at any given time.
Because of the subsidies to orange farmers we expect the price of orange to become lesser in the future. Therefore the rightward shift occurs in supply curve for oranges due to favorable changes such as the new legislation which may lead to:
- Reduction in tax,
- Reduction in cost of factor of production,
- Expectation of fall in price in future,
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.
Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
Franchising is the practice of paying a company to use its name, resources and operation systems.
