1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yakvenalex [24]
1 year ago
10

the burden of a tax falls entirely on sellers if group of answer choices the price elasticity of demand is unitary elastic the p

rice elasticity of supply is zero (perfectly inelastic) the price elasticity of supply is greater than 1 the income elasticity of demand is high
Business
1 answer:
nadezda [96]1 year ago
8 0

B) If the price elasticity of demand is zero, then all of the tax burdens fall on the sellers (perfectly inelastic).

<h3><u>How does price elasticity work?</u></h3>

A measure of a product's consumption change in response to a price change is called price elasticity of demand. Price elasticity is a tool used by economists to analyze how changes in a product's price affect its supply and demand. Supply has an elasticity similar to demand, and it's called the price elasticity of supply.

The relationship between a change in supply and a change in price is referred to as price elasticity of supply. By dividing the percentage change in quantity supplied by the percentage change in price, it is determined. What products are produced at what prices depends on the interaction of the two elasticities.

Learn more about price elasticity with the help of the given link:

brainly.com/question/13565779

#SPJ4

You might be interested in
What might explain why the restaurant isn't named in the lawsuit?
Alecsey [184]
I think that it is A.  Please Mark Brainliest!!!
5 0
3 years ago
Upply and demand
Gennadij [26K]
C.

When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.
3 0
3 years ago
When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quanti
olga55 [171]

Answer: The price elasticity of demand for good A is 0.67, and an increase in price will result in a increase in total revenue for good A

Explanation:

The following can be deduced form the question:

P1 = $50

P2 = $70

Q1 = 500 units

Q2 = 400 units

Percentage change in quantity = [Q2 - Q1 / (Q2 + Q1) ÷ 2 ] × 100

Percentage change in price = [P2 - P1 / (P2 + P1) ÷ 2 ] × 100

% change in quantity = (400 - 500)/(400 + 500)/2 × 100

= -100/450 × 100

= -22.22%

% change on price = (70 - 50)/(70 + 50)/2 × 100

= 20/60 × 100

= 33

Price elasticity of demand = % change in quantity / % change on price

= -22.22 / 33

= -0.67

This means that a 1% change in price will lead to a 0.67% change in quantity demanded. As there was a price change, there'll be a little change in quantity demanded because demand is inelastic. Thereby, he increase in price will lead to an increase in the total revenue.

Therefore, the price elasticity of demand for good A is 0.67, and an increase in price will result in an increase in total revenue for good A

7 0
3 years ago
Lesson 7-1 single payment loans
kondaur [170]

Explanation:

The whole principal plus any debt shall be paid by a single payment lender on the same day the lender expires. Instead of multiple instalments, individual interest loans concurrently calculate the full rate.

When should a single payment loan be considered?

If your loan amount of money is high, if you choose a single payment, you will pay a lower interest.

You might, for example, save $12,000 and try to spend $10,000 on shopping like a holiday or a bell. You don't want to deplete your savings because you have a single credit for payment. This can save more money in the future you will pay $10,000 for the loan without dropping the bank account.

3 0
3 years ago
Statutes that require proof of character and skill and impose penalties for violation are considered to be revenue-raising in na
denis23 [38]
I think its true. I don't think its false so true

4 0
3 years ago
Other questions:
  • A company planning to market a new model of motor scooter analyzes the effect of changes in the selling price of the motor​ scoo
    9·1 answer
  • Economics is a social science that studies how individuals, institutions, and society may:
    10·2 answers
  • The Republic of Monaslu has the world's most efficient car manufacturing industry, while the country of Ingora has the world's m
    14·1 answer
  • Zappos segments its B2B customers by sifting through the data it has collected on companies that request the free portion of its
    10·1 answer
  • One explanation for the increase in the price of theBaltimore newspaper is the increase in the cost of newsprint. This would cau
    5·1 answer
  • If Wesley Corporation has 80,000 shares of common stock authorized. 50,000 shares of common stock issued, and holds 12,000 share
    10·1 answer
  • On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c
    12·1 answer
  • With the real interest rate equal to 3% and the expected inflation equal to 2​%. The value of the nominal interest rate is ___
    9·1 answer
  • What is the United States currency linked to?
    6·2 answers
  • firms operating in a/an market, sell their product in a market with many other firms who produce identical or extremely similar
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!