Another Expression for Disposable Income Would Be

question 38

Multiple Choice

Another expression for disposable income would be

• A) income left over after subtracting deductions such as 401Ks and health insurance
• B) income left over after subtracting taxes
• C) income left over after subtracting fixed payments like rent or car payments
• D) income left over after subtracting all required spending items such as food,utilities,etc.
• E) income left over after subtracting transfer payments.

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Definitions:

Equilibrium Point

In economics, the point at which the supply and demand curves intersect, indicating the price at which the quantity supplied equals the quantity demanded.

S And D Curves

Graphical representations of the supply and demand in a market, showing how quantity supplied and quantity demanded vary with price.

Total Amount

The entirety or sum total of units, numbers, or quantities considered or calculated.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.