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ipn [44]
3 years ago
6

When people with lower incomes pay lower taxes, this represents the role of goverbment called

Advanced Placement (AP)
1 answer:
Zina [86]3 years ago
6 0
Reallocation of income
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Answer: See explanation

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Marginal analysis are applied by the consumers when they make decisions and this simply means that when making a decision, they look at the marginal benefit and the marginal cost and then make a comparison.

In this scenario, rides will be allocated based on time costs that have been incurred as the individuals who have time and can wait longer or like a particular ride or those will wait till they have their preferred ride. On the other hand, the individuals who doesn't have much time will be willing to take another ride even if it's not what they really like.

This relates to demand and supply because increase in demand for a particular product will lead to lesser supply and will lead to few people getting what they want as there'll be scarcity or increase in the price for that product. In such cases, consumers may go to the substitute of that particular product.

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Although Mike would have some characteristics that would help him be good in teaching, it's not guaranteed that it will be enjoyable for him. Psychological assessments should be treated as suggestions and not a method to make an important life decision on.

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