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andreev551 [17]
3 years ago
10

Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently

the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because _____.
Business
1 answer:
qaws [65]3 years ago
3 0

Answer:

people will likely buy less cigarettes and liquor from them

Explanation:

Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because people will likely buy less cigarettes and liquor from them

The local government raising the tariff will cause their prices to go up thereby discouraging people form buying from themdue to the price hike

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If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.

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<em>Your question is incomplete. please read below to find the full content.</em>

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

price inelastic.

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