Which of the Following Would Result in a Movement Along

question 220

Multiple Choice

Which of the following would result in a movement along the demand curve?

• A)a change in preferences
• B)an increase in the number of buyers
• C)an increase in the number of suppliers
• D)a decrease in income

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Definitions:

Social Security Taxes

Taxes collected to fund the Social Security program, which provides retirement, disability, and survivorship benefits to qualifying individuals.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of good, or transaction being taxed.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, reflecting the tax bracket into which the incremental income falls.

Average Tax Rate

The Average Tax Rate is the proportion of the total taxable income paid as taxes, calculated by dividing the total amount of taxes paid by the total income.