When Government Increases a Fixed Tax, Consumption Schedule

question 89

Multiple Choice

When government increases a fixed tax, consumption schedule

• A)shifts downward in a parallel manner.
• B)shifts upward in a parallel manner.
• C)becomes horizontal.
• D)becomes vertical.

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Definitions:

High Rate of Growth

A situation where a business or economy expands at an above-normal rate, often leading to increased revenue or economic improvements.

Dominates Its Market

Refers to a company or a product that holds a predominant share or influence over others in the same industry or category.

SBU Level

Strategic Business Unit level; refers to a unit within a larger enterprise that focuses on specific market segments or product lines, operating with its strategic objectives and planning.

Portfolio Management

A strategic practice involving the selection, prioritization, and control of an organization's projects and programs in alignment with its objectives.