Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.

So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.

If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.

5 0

3 years ago

You survey 100 customers. You ask a question with 4 possible responses. Each possible response is given by at least 10 customers

finlep [7]

There are 100 people and 4 answers. The minimum people for each answer is 10. You can distribute the minimum people to make it easy.

Answer 1. 10 people

Answer 2. 10 people

Answer 3. 10 people

Answer 4. 10 people

There are still 60 people that are not assigned, so you take this number and add it to the minimum.

60 + 10 = 70

Answer: The maximum number of customers giving any one response is 70 people.

3 0

3 years ago

Read 2 more answers

In a recent annual report, Rosh Corporation disclosed that 60,000,000 shares of common stock have been authorized. At the beginn

irina [24]

Answer:

33,880,934 stocks

Explanation:

total number of authorized stocks = 60,000,000

stocks issued at beginning of the year = 36,356,357

treasury stocks at beginning of the year = 7,171,269

net change in total stocks outstanding = additional shares issued - increase in treasury stocks = 558,765 - 3,034,188 = -2,475,423

total number of stocks outstanding = outstanding stocks at the beginning of the year + net change in stocks outstanding = 36,356,357 -2,475,423 = 33,880,934 stocks

7 0

3 years ago

5. Karen is listening to a colleague's idea for reducing customer wait time at the store. Which behavior can Karen exhibit to be

Temka [501]

Nod her head to show that she agrees and that it is polite to do so.

8 0

3 years ago