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:
(2, 34 )
Step-by-step explanation:
Since the points vary inversely then half the x, means double the y, thus
(2, 34) or (1, 68 ) would also belong in this inverse variation
The diamond shape is formed when you graph these coordinates.
Answer:
See below
Step-by-step explanation:
2% increase on 1750=
1750 * 1.02 = 1785
1785 per month gives 1785 * 12 = 21420 per year.
Divide 21420 by 48 weeks = 446.25 per week
Divide 446.25 by 45 hours = 9.92 per hour
Answer:
True
Step-by-step explanation:
When you have 2 negative together they will become a positive (5- (-2) = 7)
