B) If the price elasticity of demand is zero, then all of the tax burdens fall on the sellers (perfectly inelastic).
<h3><u>How does price elasticity work?</u></h3>
A measure of a product's consumption change in response to a price change is called price elasticity of demand. Price elasticity is a tool used by economists to analyze how changes in a product's price affect its supply and demand. Supply has an elasticity similar to demand, and it's called the price elasticity of supply.
The relationship between a change in supply and a change in price is referred to as price elasticity of supply. By dividing the percentage change in quantity supplied by the percentage change in price, it is determined. What products are produced at what prices depends on the interaction of the two elasticities.
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Answer: It will reduce in demand
Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price
Answer:
December 31
Dr Pension expense $182,100
Cr Unfunded pension Liabiltiy $182,100
January 15
Dr Unfunded pension Liabiltiy $182,100
Cr Cash $182,100
Explanation:
Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15
December 31
Dr Pension expense $182,100
Cr Unfunded pension Liabiltiy $182,100
(Being to record quarterly pension Liabiltiy)
January 15
Dr Unfunded pension Liabiltiy $182,100
Cr Cash $182,100
( Being to record the accrued pension liability payment to the funding agent)
Developer's Covenants are the most restrictive of the restrictions in place for the land's use.
What developers use restrictive covenants for?
Restrictive covenants are frequently used by land developers to divide the land for residential complexes. After platting the subdivision into lots, blocks, and roadways, a property developer will put some restrictions on how the lots in the development can be used.
Do restrictive covenants expire?
Only after a covenant has been broken for at least a year without receiving any complaints is it possible to purchase restrictive covenant indemnity insurance. However, if purchased, the policy will endure forever and can frequently be transferred to new owners of the property.
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Technology has been very useful for the education. Teachers have found ways in order for technology to be more beneficial rather than detrimental to students. The use of televisions for certain classes allows the students to properly visualize the topics. Also, social media have been grounds for teachers to share their materials to the students and students to their co-students.