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response must range from 300-400 words Which do you think will decrease consumption more: a 10...

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Economics

response must range from 300-400 words

Which do you think will decrease consumption more: a 10 percentdecrease in after-tax income or a 10 percent decrease in stockmarket values? Explain

Answer & Explanation Solved by verified expert
4.1 Ratings (537 Votes)
A 10 percent decrease in after tax incomemeans there is an increased tax will decrease consumption more than a 10 decrease in stock market values due to the following aIncrease in taxes decreases household demand by    See Answer
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