All categories

4 years ago

Who pays the tax does depend on who writes the check to the government?

1 answer:

4 0

Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />

You might be interested in

What happens if a monopolist increases the price of a good?

Natali5045456 [20]

Answer:

By contrast, because a monopoly is the sole producer in its market, its demand curve is the market demand curve. If the monopolist raises the price of its good, consumers buy less of it. Also, if the monopolist reduces the quantity of output it produces and sells, the price of its output increases.

Explanation:

Also can you mark me as brainliest

4 0

3 years ago

In the 1980s land prices in Japan surged upward in a "speculative bubble." Land prices then fell for 11 straight years between 1

Basile [38]

Answer:

Given the supply of land is perfectly inelastic, the drop in prices must have resulted from decreased demand for land. The demand for land would fall if there were less of a return on the land (i.e., rent), so we can safely assume that land rent fell in Japan between 1990 and 2001. The shifts from D3 to D2 to D1 demonstrate graphically what happened in Japan.

Explanation:

3 0

3 years ago

Inelastic demand is a situation in which:

just olya [345]

Answer:

The answer is (A) an increase or a decrease in price does not significantly affect the demand for a product.

Explanation:

Inelastic demand refers to a condition where demand does not change even when price changes. An example of this is the demand for gasoline – even when price increases, the amount consumed by customers do not drop as drastically. There are two types of inelastic demand: relatively inelastic demand and perfectly inelastic demand. When the first occurs, high price increase is followed by a relatively low drop in demand. When the second occurs instead, high price increase is followed by no drop in demand.

6 0

3 years ago

A strategic perspective on project management might ask all of the following questions pertaining to organizational setting prio

ycow [4]

Does this project support the company vision?

Explanation:

Strategic project management aims at the broader picture and the advantages that the project can contribute to the company's overall performance and profitability.

Strategic project management utilizes corporate and project management methods to support the enterprise step ahead.

Ask a concern as to whether the initiative suits the company's mission would be very beneficial as it aims to facilitate the progress of the company's goals.

8 0

3 years ago

Williams Company computed its cost per equivalent unit for direct materials to be $1.60 and its cost per equivalent unit for con

LUCKY_DIMON [66]

Answer:

the ending work in process inventory is $91,960

Explanation:

The computation of the ending work in process inventory is given below:

= cost of material + conversion cost

= 22,000 × $1.60 + 22,000 × $2.58

= $35,200 + $56,760

= $91,960

Hence, the ending work in process inventory is $91,960

The same should be considered and relevant

5 0

3 years ago