In the market experiment with taxes, after the excise tax is imposed on the market A. the price paid by buyers decreases and th
e price received by sellers increases. B. both the price paid by buyers and the price received by sellers increase. C. the price paid by buyers increases and the price received by sellers decreases. D. both the price paid by buyers and the price received by sellers decrease.
C. the price paid by buyers increases and the price received by sellers decreases
Explanation:
In the market experiment with taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases
The correct answer is letter "A": searching by brand.
Explanation:
Consumers search by brand when they have decided what product they want to buy but need to compare what one company offers compared to another. This will help consumers differentiate prices, features, and the additional benefits companies offer for selling the same product.
Eventually, the consumer will choose the product that provides him or her with more benefits assuming the decision that an individual will make is rational.
In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.
