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inn [45]
2 years ago
11

When tires are taxed and sellers of tires are required to pay the tax to the government, Group of answer choices the price paid

by buyers of tires decreases. the quantity of tires bought and sold in the market is reduced. there is a movement downward and to the right along the demand curve for tires. the demand for tires decreases.
Business
1 answer:
lyudmila [28]2 years ago
7 0

The correct option is, the quantity of tires bought and sold in the market is reduced.

<h3>When tires are taxed and sellers of tires are required to pay the tax to the government?</h3>
  • The amount of tires purchased and sold on the market decreases when tires are taxed and tire vendors are compelled to pay tax to the government.
  • The loss of consumer and producer surpluses that are not accounted for in government revenue.

<h3>When a tax is placed on a product the price paid by buyers?</h3>
  • In general, taxes increase the price consumers pay, decrease the price sellers receive, and decrease the amount of goods sold.
  • A tax must result in a deadweight loss if it is imposed on a good and sales volume is decreased.

<h3>What is deadweight loss?</h3>
  • The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss.
  • Deadweight loss, a term mostly used in economics, refers to any deficit brought on by an ineffective resource allocation.

Learn more about taxed here:

brainly.com/question/26316390

#SPJ4

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A cartel is an example of: a price leadership. b price extortion. c tacit collusion. d overt collusion. e price discrimination.
Law Incorporation [45]

Answer:

d overt collusion.

Explanation:

Overt collusion occurs when a group of companies collude to increase price of a commodity in a given market.

Competing firms secretly come together to gain control in a market in a similar way to a monopoly.

Overt collusion is a formal agreement between the companies involved.

This practice is considered illegal in the United Kingdom and European Union

8 0
3 years ago
The list below shows the closing costs on a home loan amount of $185,000. closing cost charge loan origination $275 title insura
gregori [183]
Its D, just took the test.
8 0
3 years ago
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Why is accelerated depreciation often favored for the corporation's set of tax books? It increases net accounting profits over t
Usimov [2.4K]

Answer:

It allows the depreciation tax savings to be realized earlier

Explanation:

Because the time value of money, it is better to realize the tax saving earlier than later. The accelerated depreciation generates a higher depreication expense on the first periods. Because the first periods are the more fragile of the business, this tax shield becomes substancially more useful than the tax shield on the later periods.

It is important to notice that the total depreciation expense will be the same regardless of the depreciation method. It is only the time at which this expenses are distrubtes what changes.

6 0
4 years ago
Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians p
jasenka [17]

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

= $1,500 * 25%

= $375

6 0
3 years ago
Assignable causes:
zimovet [89]

Answer:

E) are causes of variation that can be identified and investigated.

Explanation:

Assignable causes is a statistical process that could be undertaken to identify the causes that have been incidental to the variations, thereby evaluating the same

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