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3 years ago

The demand for gasoline is inelastic and the supply of gasoline in the winter is elastic. Therefore,

Business

1 answer:

MakcuM [25]3 years ago

3 0

Answer:

B. buyers bear most of the incidence of the tax.

Explanation:

If demand is inelastic, quantity demanded is insensitive to changes in price.

If supply is elastic, a small change in price has a great effect on quantity supplied. Quantity supplied is sensitive to changes in price.

If a tax is imposed on gasoline, the incidence (who pays for the tax) can be beqred by the consumers because they have an inelastic demand. If the price of gasoline rises , the quantity demanded doesn't change.

If the tax incidence was borne by the suppliers, the quantity supplied would drop.

I hope my answer helps you.

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Seller Jones signed an exclusive right to sell listing on her home with Muller Realty for $155,000 at a commission rate of 5% to

kramer

Answer:

$3,875

Explanation:

Data given in the question

Selling value of the home = $155,000

Commission rate = 5%

Share basis = equally

So, by considering the above information, the Muller received amount is

= Selling value of the home × commission rate ÷ share basis

= $155,000 × 5% ÷ 2

= $7,750 ÷ 2

= $3,875

By considering the all the information given in the question we can easily find out the received amount by the Muller

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2 years ago

A company has the following balances on December 31, 2018, after year-end adjustments: Accounts Receivable = $62,500; Allowance

Dovator [93]

Answer:

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Explanation:

To calculate the net realizable value of accounts receivable is necessary to deduct from Account Receivable the total credit amount of the Allowance for Uncollectible Accounts.

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3 years ago

All of the following statements related to preparation of the statement of cash flows under U.S. GAAP and IFRS are true except:

iVinArrow [24]

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Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide ar

alex41 [277]

Answer:

Explanation:

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2 years ago

true or false: Quality function deployment (QFD) allows people to see how aspects of their products and services relate to custo

Marta_Voda [28]

Answer:

False

Explanation:

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2 years ago