If Jake Chooses to Buy Fewer Pizzas Per Month at Each

question 82

Multiple Choice

If Jake chooses to buy fewer pizzas per month at each price,what will happen to his demand curve

• A)It will shift inward.
• B)It will shift outward.
• C)It will not shift, but he will move along his demand curve from left to right.
• D)It will not shift, but he will move along his demand curve from right to left.

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Definitions:

Dependent

Dependent is a person, typically a child or elderly family member, whose support and maintenance are provided by another, qualifying the supporting individual for certain tax benefits.

Pease Limitations

Named after Congressman Don Pease, these are limits on the amount of itemized deductions that high-income individuals can claim.

Itemized Deductions

Expenses allowed by the IRS that can be deducted from adjusted gross income to reduce taxable income if chosen instead of the standard deduction.

AGI

Adjusted Gross Income refers to the total income reduced by certain deductions to ascertain the tax obligation.