Exhibit 4-5 Supply and Demand Curves for Computers Which

question 29

Multiple Choice

Exhibit 4-5 Supply and demand curves for computers Which of the following changes could cause the computer market to change as shown in Exhibit 4-5?

• A)Lower costs for computer chips and motherboards.
• B)The failure of several computer manufacturers.
• C)Higher prices for computer software.
• D)More features and greater ease of use.

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Definitions:

Proportional Taxes

A tax system where the tax rate remains constant regardless of the amount on which the tax is imposed, resulting in taxes being proportionate to the income.

Direct Taxes

Taxes paid directly to the government by the individual or organization on whom it is levied, such as income tax or property tax.

Direct Tax

A form of taxation where the burden directly falls on the income or wealth of the individual or entity being taxed, such as income tax or property tax.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily align with the calendar year.