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
liubo4ka [24]
3 years ago
8

What is the effect of a​ $1 specific tax collected from producers on equilibrium price and quantity if demand is perfectly elast

ic​?
Price:

a. increases by $1
b. unchanged

Quantity:

a. decreases
b. unchanged
Business
1 answer:
Sever21 [200]3 years ago
5 0

Remember that a perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales.

Also, equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.

Finally, equilibrium quantity is when supply equals demand for a product.

Therefore, the answer to this question is:

Price  is unchanged  and quantity  is unchanged

Answer:

Price:

b. unchanged

Quantity:

b. unchanged

You might be interested in
Given all the details about bonds and stocks, which do you prefer to invest with your money in the future? Explain in your own w
nataly862011 [7]

Answer:

Bonds provides more opportunities and offers than stocks.

Explanation:

  • Bonds are a better option than stocks as bonds tend to give a good return. That is the bonds are less volatile and less risk markets they have a high interests rates and tends to offer saving rates at a bank and hae various advantages.
  • Bonds also perform well the stocks decline and hence they are better than stocks and should prefer to invest in the money in future.
3 0
2 years ago
In order to be considered a legal owner of a public company, a person or organization must _____
olga_2 [115]

In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.

<h3>What is the significance of a legal owner?</h3>

A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.

In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.

Therefore, the significance regarding a legal owner has been aforementioned.

Learn more about a legal owner here:

brainly.com/question/27962043

#SPJ4

3 0
1 year ago
Rand Company had May operations as follows. Units actually produced 76,000 Actual direct labor hours worked 160,000 Actual varia
Pavel [41]

Answer:

B. 20,000

Explanation:

Standard Variable overhead rate = $6 per units / 2 direct labour hour

Standard Variable overhead rate = $3 per hour

Variable Overhead Spending Variance = Actual hours worked * (Actual overhead rate - Standard overhead rate)

Variable overhead spending variance = 160,000 * (3.125 -3)

Variable overhead spending variance = 160000*0.875

Variable overhead spending variance = 20,000

4 0
3 years ago
What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something hap
MaRussiya [10]
They purchase insurance.
6 0
3 years ago
Read 2 more answers
Just one more time :)
Black_prince [1.1K]

Answer:

for what?

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • A laissez faire economic policy would _____.
    12·2 answers
  • Swifty Corporation had net sales of $2,419,200 and interest revenue of $39,300 during 2020. Expenses for 2020 were cost of goods
    12·1 answer
  • Inventory at the beginning of the period had a debit balance of $7,000, and a debit balance of $10,000 at the end of the period.
    9·1 answer
  • Kasey changes jobs on a regular basis. She does this to secure better career growth opportunities and to decrease boredom. Kasey
    15·1 answer
  • 31. The unpaid portion of a loan is called
    13·1 answer
  • Which of the following can be classified as organizations:
    5·2 answers
  • Which tool of monetary policy allows the Federal Reserve to decrease the
    12·2 answers
  • You are the Accounting Director for SpaceX based in New York. Your department is implementing new accounting software (called Fi
    15·1 answer
  • During the busiest season of the year, your customer support center receives a higher call volume than planned. However, you can
    9·1 answer
  • What career cluster do you get to design build and destroy thing
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!