<span>A: to set interest rates</span>
Answer:
Decrease
Explanation:
The accountant's revenue will decrease because the demand for his services has fallen by 1,818%, while the price he charges has only gone up by 66%.
The rise in prices will not be enough to cover the losses for such a deep fall in demand.
For example, suppose that before, the accountat used to complete 200 services a month for $100 per year, his total revenue is = 200 x $100 = $20,000.
Now, he will charge 68% more, the new service fee is $168, but demand for his services will now be a negative 3436 (200 x 1,818% = 3636), so his revenue will be 0, or even, negative (he could get into debt to afford his expenses).
Answer:
A) The first household.
Explanation:
The tax of the first household = $20,000 x 20% = $4000
The tax of the second household = $47,000 x 17.5% = $8225
The tax of the third household = $50,000 x 13% = $6500
The tax of the first household = $71,000 x 10% = $7100
A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners.
<u>Hence Household A which earns the lowest income pays the highest tax</u>
<u />
Answer:
The answer is letter A.
Explanation:
The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.
