Answer:
a. mostly cigarette buyers.
Explanation:
The law of demand states an inverse relationship between quantity demanded of a good and it's price, keeping other factors affecting demand as constant.
Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price.
Alcohol and cigarettes are exceptions to the law of demand since in their case, the factor of addiction presides which outweighs rational decision making.
Thus, price elasticity of demand of cigarettes is inelastic. So a marginally higher price charged for cigarettes will not reduce their consumption.
A new tax on cigarettes would raise their prices. The manufacturers, to cover such taxes and maintain the same margin as before would further raise the prices of cigarettes further.
Thus, the tax burden would be shifted to the consumers and hence majorly borne by them.
Answer:
Option (C) is correct.
Explanation:
Dealers profits come from the bid-ask spread in a dealer market. The bid-ask spread is a premium that come from bearing the risk. Most of dealers buy specific securities in wholesale and sell it in retail. The dealer's profit is the difference between the maximum purchase price made by the buyer and the least price at which seller wants to sell their securities. Hence, the difference between these two terms represents the dealer's profit that is bid-ask spread.
Answer:
moderate control
Explanation:
Forsyth describes the task-relationship framework as "a concise management model that emphasizes that these leadership activities can be categorized as performance management or maintenance of relationships.
Task-oriented (or task-focused) leadership refers to a strategic approach in which the chief emphasizes on the activities which need to be completed to reach certain objectives or to obtain the certain level of success. Thus, this approach is best where the leader asserts moderate level of control over their subordinates.
Answer:
Indonesia’s real GDP growth picked up to 5.2 percent year-on-year in the fourth quarter of 2017 from 5.1 percent in the previous quarter. For 2017, the country’s GDP growth rose to 5.1 percent from 5.0 percent in 2016, its highest growth rate in four years.
