What, you just told yourself the answer
Answer:
Demand
Explanation:
250,000 is the demand for Trivial Pursuit games because it is the amount of the product that consumers are willing to purchase at the given price. The given price referred in the question is therefore the equilibrium price (where supply and demand meet).
Answer:
I say A as it is the most logical because banks should let the borrower know about the loan.
Answer:
$3
$2
$1
False
Explanation:
The burden of tax refers to who pays the tax between the buyer and the seller.
More burden of tax usually falls to the party with the more inelastic demand because the quantity demanded would not change despite the increase in price as a result of the tax.
To find the amount of tax per bottle = price of wine - amount received by producers = $6 - $3 = $3
The amount paid by consumers = price after tax - price before tax = $6 - $4 = $2
Amount received by sellers = tax- amount paid by consumers = $3 - $2 = $1
It can be seen that consumers bear a higher burden of tax because they pay the greater tax. This means they have an inelastic demand.
If the tax had been levied on producers, the effect on quantity demanded would have been greater because producers have a more less elastic supply when compared to consumers .
I hope my answer helps you