Given the demand curve for oranges is a downward sloping straight line, the price elasticity of demand for oranges will increase when A. the price of oranges increases. B. the price of other fruits increase. C. the income level of consumers increases. D. the price of oranges decreases. When the government tax the wealthy to distribute to the poor. A. efciency is improved, but equality is not. B. both the wealthy and poor are benetted. C. eiciency falls as there is less incentive for peOple to work and hence output falls in the economy. D. the government collects more revenue in total hence e'ieiency improves. In the city of Tokyo, people work as either builders or painters. Suppose you are told that the PPF of Tokyo is linear(or straight line). Which of the following conclusions can you draw from this fact? A. That halfof the population of Tokyo works as builders and the other half works as painters. B. Than the opportunity cost of building in terms of painting is higher than the opportunity cost of painting in terms of building. C. That the opportunity cost of moving people from building to painting is the same no matter where you are on the PPF of Tokyo. - D. That Tokyo faces no tradeoff between building and painting