Which curve shifts and in which direction when the following events occur in the tax accounting market?a. "It is almost tax day (April 15)!"O Neither curve changes.O Supply decreases.O Supply increases.O Demand decreases.Demand increases.b. A new software is developed that helps individuals file their taxes on their own.O Supply decreases.O Supply increases.Demand decreases.O Demand increases.O Neither curve changes. c. There is a change in the law and tax accountants now need only one year of training to prepare taxes.O Demand increases.Supply increases.Supply decreases.O Neither curve changes.O Demand decreases.

Which curve shifts and in which direction when the following events occur in the tax accounting market? a. "It is almost tax day (April 15)!" O Neither curve changes. O Supply decreases. O Supply increases. Demand decreases. Demand increases. b. A new software is developed that helps individuals file their taxes on their own. Supply decreases. O Supply increases. O Demand decreases. Demand increases. O Neither curve changes.

Which curve shifts and in which direction when the following events occur in the tax accounting market? a. "It is almost tax day (April 15)!" O Neither curve changes. O Supply decreases. O Supply increases. Demand decreases. Demand increases. b. A new software is developed that helps individuals file their taxes on their own. Supply decreases. O Supply increases. O Demand decreases. Demand increases. O Neither curve changes.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand And Government Policies

Section: Chapter Questions

Problem 6CQQ

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Time left 0:. 21) The elasticity of demand for potato chips is 0.6 and the elasticity of supply for these chips is 1.9. If a tax were imposed on purchases of potato chips, then the O a. consumers would pay more of the tax. O b. the producers would pay more of the tax. C. the tax would be equally shared by the consumers and the producers. O d. the consumers would pay the entire tax because their demand is less elastic than the producers' supply. Clear my choice age Next page