Recall the application about the response to lower taxes in French restaurants.If the quantity of meals sold will increase due to the lower prices,a tax cut will:

Question

Quizplus · Accepted Answer

Lower taxes will result in lower prices for consumers. Lower prices will increase demand for meals, and as a result, the quantity of meals sold will increase. This will result in a positive effect on consumers and restaurant owners as they will benefit from the increase in business.

Recall the Application About the Response to Lower Taxes in French