Answer:
When a tax is levied on the buyers of a good, the <u>demand curve shifts downward (or to the left). The quantity demanded will decrease at every price level.</u>
Explanation:
When a tax is levied on the sellers of a good, the supply curve shifts to the left, reducing the quantity supplied at every price level.
When a tax is levied on a good, the buyers and sellers of the good share the burden, regardless of how the tax is levied since it increases the price that buyers effectively pay and decreases the price that sellers effectively receive. Taxes decrease the equilibrium quantity of the good.
A factor that can cause the market demand curve for day-old bread to shift rightward is a decrease in income.
<h3>What is an inferior good?</h3>
An inferior good is a good whose demand falls when income rises and increases when income falls. An inferior good is a good whose demand increases when income falls.
<h3>What is an increase in demand?</h3>
An increase in demand occurs when the demand for a good increase as a result of factors other than a change in the price of a good. When there is an increase in demand, there would be a shift to the right of the demand curve.
For more information about the increase in demand, please check: brainly.com/question/25871620
Answer:
c.nominal GDP but not real GDP.
Explanation:
Nominal GDP is total output produced in an economy multipled by current year prices.
Real GDP is total output produced in an economy multipled by base year prices.
Real GDP has been adjusted for inflation and it thus not affected by price increase.
If only price increases and not output, only nominal GDP increases.
I hope my answer helps you.
The correct answer is B: Payments made to Joe's mother who lives with them but does not qualify as their dependent.
Further Explanation:
The Child and Dependent Care Tax Credit can be used when filing taxes if all the requirements are met. In this case, Joe's mother will fit the requirement and they can use her services to qualify for the credit. According to the IRS website, they can not use a dependant or a child of their own, not a dependant, under the age of 19 to get this credit. However, they can use someone in the home as long as they are not listed as a dependant on the tax form.
To get the Child and Dependent Care Tax Credit the family must meet several requirements such as;
- Paying someone to watch the qualifying child
- The care provider is not a dependent
- Child care was paid for so the parents could work, go to school, or was disabled.
Learn more about the Child Tax Credit at brainly.com/question/12845462
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Explanation:
the competition committee of southafrica, set up in the year 1989 by the southafrica government under the competition act to empower to investigate, control and restrict business, abuse of dominant positions and merges in order to achieve equity and efficiency in the southafrica economy.
