1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marizza181 [45]
3 years ago
10

Both buyers and sellers of a good are responsive to changes in the price of the product. An increase in the sales tax on the pro

duct will be paid by Select the correct answer below:
A. both buyers and sellers in exactly equal amounts.
B. mostly the buyers.
C. mostly the sellers.
D. both buyers and sellers, in similar amounts
Business
1 answer:
AlladinOne [14]3 years ago
6 0

Answer:

D. both buyers and sellers, in similar amounts.

Explanation:

Sales tax is defined as the tax that is paid to a government for the sale of certain amount of goods and services. The seller's charge the taxes to the buyer and remits it to the government.

The proportion of who bears tax burden is determined by elasticity of demand, when there is inelastic demand such as in purchase of cigerates the tax burden can be pushed to the buyers by sellers.

When the demand is elastic or there are substitutes, the tax burden is more on the seller's. They cannot push tax burden to buyers because demand will drop.

You might be interested in
An increase in the price of a resource would cause
evablogger [386]

Answer:

it would cause more people to go hungry and cold and die because it would be harder to afford all of those things if they were more expensive.

hope that helps

8 0
3 years ago
Which is an example of marketing function for a business? 1.) Preparing an income statement
Tom [10]

Answer:

2

Explanation:

because the marketing function is all about advertising the business.

3 0
3 years ago
George is selling his house. he received an offer from katie for $200,000 but decided to counter-offer for $210,000. what does t
Svetlanka [38]
It replaces that offer.  Please mark Brainliest!!!
8 0
3 years ago
Read 2 more answers
A flexible budget variance is $1,500 favorable for unit-related costs. This indicates that: A. actual costs were $1,500 more tha
lys-0071 [83]

Answer:

D. actual costs were $1,500 less than for the planned level of activity.

Explanation:

D. actual costs were $1,500 less than for the planned level of activity.

the budget depicted more $1500 expenses for certain units production.

4 0
3 years ago
The use of anthropological techniques to study businesses and what some people call organizational culture in order to assist th
Alinara [238K]

The use of anthropological techniques to study businesses and what some people call an organizational culture to assist the business is most specifically an example of applied anthropology.

What is applied anthropology and why is it important?

Applied anthropologists use anthropological concepts and methodologies to address issues in the real world. For instance, they might assist in resolving environmental, educational, or health-related issues in local communities. They might also assist with historical interpretation in museums, national parks, or state parks.

How is anthropology used in organizational behavior?

Understanding what works and what doesn't, how individuals use technology and tools in their daily work, and how employees get meaning from their jobs are all made easier by an anthropological perspective on organizational behavior. A possibility to genuinely understand what is happening and why in an organization is provided by business anthropology.

Learn more about applied anthropology: brainly.com/question/27992203

#SPJ4

4 0
2 years ago
Other questions:
  • Required Information
    14·1 answer
  • A toothpaste manufacturer that bands two products together, selling two for the price of one, is using which type of consumer pr
    6·1 answer
  • A console game, ZOMBIES!, has come out recently. It sells for $60. Which of these might lower the price of the game?
    11·1 answer
  • All of the following are guidelines for budgeting except:
    14·1 answer
  • The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
    12·1 answer
  • Relaxant Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the
    8·1 answer
  • doug purchased a new factory building on january 15 2001 for 400,000. on march 1 2020 the building was sold. determine the cost
    6·1 answer
  • (02.10 LC) What strategy works best to get out of a rut?
    11·2 answers
  • If a company has $10,000 in Cash, $2,000 in Accounts Receivable, $100,000 in Building and Land, $30,000 in Accounts Payable, and
    10·1 answer
  • 11.(03.03 LC)
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!