1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jok3333 [9.3K]
3 years ago
15

The federal government announced significant tax cuts, enabling people to keep a greater portion of their income.What will happe

n to the demand curve in this situation?They will find a substitute for the product and purchase that instead. They will initially increase their purchasing and stock up on the product. They will continue to purchase the product and decrease other purchases if necessary. They will stop purchasing the product and wait until the price comes back down.
Business
1 answer:
Usimov [2.4K]3 years ago
6 0

Answer:

They will initially increase their purchasing and stock up on the product

Explanation:

Tax cuts would increase the disposable income of the people. As a result of the tax cut, demand would increase and the demand curve would shift to the right.

If the tax on a good were increased, the good would be more expensive and consumers would find a substitute for the product and purchase that instead or will stop purchasing the product and wait until the price comes back down.

I hope my answer helps you

You might be interested in
Workplace communication can suffer when individuals
timofeeve [1]
Don't communicate and do stuff without considering what other people would want
5 0
3 years ago
Job Shadows typically last<br> six weeks<br> half day<br> one to three days<br> one semester
Inessa05 [86]
A job shadow usually lasts one day, but there are cases when they could last several days to give you a more in-depth look at a certain career or company.
7 0
3 years ago
Suppose that widgets are produced by a monopolistically competitive industry. If each firm in this market has the same cost stru
natulia [17]

Answer:

The equilibrium number of firms is 20.

Explanation:

Q = SH × b

   = 2,400 × (1/20)

   = 2,400 × 0.05

   = 120

Also given, Q = S / n

                120 = 2,400 / n

                  n = 20

3 0
3 years ago
According to the service marketing triangle, which of the following lists the types of marketing that must be successfully carri
natima [27]

Answer:

A. External, internal and interactive marketing

3 0
3 years ago
With an activity flexible budget, a budget variance is calculated a.based on a flexible budget based on various activity drivers
Vadim26 [7]

Answer:

C. 1. Identify the actual quantity of output. 2. Calculate the flexible budget for revenues based on budgeted selling price and actual quantity of output. 3. Calculate the flexible budget for costs based on budgeted variable cost per​ output, actual quantity of​ output, and actual fixed costs.

Explanation:

Any budget starts by determining our current output level.

To calculate the sales budget we must estimate our total revenue using our current output level and the estimated selling price for the next period. If we are certain that our output level will increase or decrease significantly over the next period, we can use the estimated output level instead of the current output level.

To calculate the costs budget we must estimate the variable costs per unit times the current output level (variable costs budget) and then we add the estimated fixed costs, which are not necessarily our current fixed costs.

Read more on Brainly.com - brainly.com/question/13853544#readmore

8 0
3 years ago
Other questions:
  • Outdoor Adventure, a company that designs and manufactures sportswear, focuses their marketing efforts on people who participate
    11·1 answer
  • What is the definition of shortage in economics
    13·1 answer
  • Men who tried the Gillette Fusion razor were so satisfied with it that 60 percent of them adopted the product permanently. Men w
    13·1 answer
  • Domestic telecommunication companies in the United States are struggling due to foreign competition. How can the US government h
    14·1 answer
  • Frantic Fast Foods had earnings after taxes of $1,070,000 in 20X1 with 311,000 shares outstanding. On January 1, 20X2, the firm
    14·1 answer
  • A category that is not in the chart of accounts is
    8·1 answer
  • Second-Stage Allocation [LO7-4]
    15·1 answer
  • Assume that a currency's spot and future prices are the same, and the currency's interest rate is higher than the U.S. rate. The
    12·1 answer
  • (Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted b
    11·1 answer
  • What is an an intrinsic reward?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!