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Sati [7]
2 years ago
6

In your opinion, which tax do you think is better a flat or a progressive tax? Why?

History
2 answers:
Anvisha [2.4K]2 years ago
5 0

Answer:

Progressive tax systems have tiered tax rates that charge higher income individuals higher percentages of their income and offer the lowest rates to those with the lowest incomes. Flat tax plans generally assign one tax rate to all taxpayers. ... A flat tax would ignore the differences between rich and poor taxpayers.

Explanation:

pickupchik [31]2 years ago
3 0

Answer:

progressive

Explanation:

If someone is making little money but everyone has to pay the same taxes it will not be good because he or she will have a hard time with the flat tax, while the progressive tax grows with you or shrinks with you in your life time, so if you are making little money you will be paying very little.

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3 years ago
The graph shows the price of green tea compared to the amount supplied by producers.
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<em>The correct answer is: 2. </em>Green tea is inelastic in terms of supply.

The elasticity of the supply of a product measures the variation experienced by the quantities of products supplied by the producers before variations in certain factors of production. In our case, the established factor is the market price of the goods to be produced (green tea), and is called the price elasticity of the offer.

The price elasticity of the supply of a product is calculated as the quotient between the differences in the quantity offered to the market by the producers and the differences in the market price of that product.

In this case, the price elasticity of green tea is 67%. The calculation is done as follows:

  <em> E (%) = (S2-S1) / (P2-P1) = (5-3) / (7-4) = 2/3 = 67% </em>

As this value is less than unity, it is said that the green tea is Inelastic in terms of supplies with respect to the market price.

This means that before increases in the price the quantities supplied by the producers increase in a smaller proportion.


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