Answered: There is a change in the law and tax…

There is a change in the law and tax accountants now need only one year of training to prepare taxe Demand increases. O Supply increases. O Supply decreases. O Neither curve changes.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 42CTQ: Economist Arthur Laffer famously pointed out that, in some cases, income tax revenue can actually go...

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Question

c. There is a change in the law and tax accountants now need only one year of training to prepare taxes.
Demand increases.
O Supply increases.
O 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?

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