-Refer to the Above Figure

question 74

Multiple Choice

-Refer to the above figure. The arrows show the direction of a shift in the demand curve of Good A. Which of the following would be the most likely reason for the shift in the demand curve if Good A is an inferior good?

• A) An increase in the price of Good A
• B) A decrease in the price of Good A
• C) A decrease in consumers' income
• D) An increase in consumers' income

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Definitions:

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on businesses with employees to fund state workforce agencies.

SUTA

State Unemployment Tax Act; a type of payroll tax that employers pay to their state to fund the state's unemployment insurance program.

State Rate

Often refers to the interest rate or tax rate set by individual states, which can vary from one state to another.

FUTA

The Federal Unemployment Tax Act, legislation that funds unemployment compensation programs in the United States.