4 1 B If the budget line shifts from line 1 to line 2, this and consumer responds by buying less of Good B we can say: O The income effect is stronger than the substitution effect O There is no income effect O The substitution effect is stronger than the income effect O The income effect is equal to the substitution effect O There is no substitution effect

Jeff, a 56 year old professor is subject to a 28% tax rate. He has had a family emergency and must withdraw $5,000 from his IRA to fund it. How much money will he owe the government for this withdrawal?

A compulsary legal and unilateral payment made to the government is known as _______

Analyse how macro environmental factors ( PESTLE) affect a hotel organization.