According to the law of supply, assuming other factors are held constant .a. as the price of milk increases, the quantity of milk purchased by consumers will decrease. b. as the price of milk decreases, the quantity of milk supplied will decrease. c. as the price of milk increases, the quantity of milk supplied will decrease. d. as the supply for milk increases, the price of milk will also increase.

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60