Attached the solution with work shown.
Answer:
The supply and demand curves will shift to the left i.e. there will be a decrease in demand and supply.
Step-by-step explanation:
First: Tax is a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Secondly: Money supply is the total amount of monetary assets available in an economy at a specific time.
When tax is increased, this means individuals and businesses have to contribute more to the state revenue leaving both categories with lesser income or profit i.e. lesser to spend.
In the same way, when money supply decreases, there is lesser money available to both individuals and businesses
What this implies is that demand will decrease because income has decreased. Supply will also decrease because producers will not make as much profit given the increase in tax (tax is considered cost of production).
As a result of this, the demand curve shifts to the left, the supply curve also shift to the left because both demand and supply will decrease.
Answer:
3v-v² = v(3-v)
Step-by-step explanation:
Use distributive property on the right side of the equality.
Answer:
y=x^4
Step-by-step explanation:
the equation is multiplying by 4 for every x value
Answer:
range of scores on final exam student get B is 90 to 100
Step-by-step explanation:
given data
Psychology 101 score = 66
average of his midterm = between 78 and 90
maximum = 100 points
to find out
range of scores on final exam student get B
solution
we consider here lowest marks need in final = x
so average at two marks should be
equation is
average marks = 0.5 × ( mid term marks + final marks ) .................1
put here value
78 = 0.5 × ( 66 + x )
x = 90
and
90 = 0.5 × ( 66 + x )
x = 114
so range 90 to 114
but maximum marks is 100 so
range of scores on final exam student get B is 90 to 100
