Answer:
Liquor consumers
Explanation:
Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.
Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.
The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.
If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.
If taxes are imposed on suppliers, the quantity supplied would fall more.
Therefore , the burden of tax can be passed on more to consumers.
I hope my answer helps you.
Answer:
Which is a short-term consequence of making a late payment on your bill? There will be a late fee added to the bill.
Answer:
D. cost of goods available for sale.
Explanation:
The cost of goods available for sale, also known as the total inventory, represents the total amount of finished products that a company had in its store for selling. The calculation of costs of goods available for sale involves adding beginning stock to the net purchases.
Beginning inventory is the ending balance in the previous financial period. It is the finished product balance brought forward of the prior period. Net purchases are the purchases adjusted for discounts and purchase returns. The costs of goods available for sale minus ending inventory will equal to the costs of goods sold.
globalization affect the hospitality directly by the people coming from different countries . either they get cheaper services or they change some stuff for people because different cultures
A country that US-based company Solar Solutions should consider entering and expanding its business is one that has democratic institutions and a market-based economic system.
<h3 /><h3>Business internationalization</h3>
It corresponds to a strategy adopted by companies that wish to expand their business to other countries based on an economic opportunity that increases competitiveness and profitability in the market.
Therefore, a democratic country based on the free market would be the ideal option for a company to go global to produce and sell its products and services more widely and based on the economic laws of supply and demand.
The correct answer is:
- A country that has democratic institutions and a market-based economic system.
Find out more information about internationalization here:
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