Answer:
The correct answer is option D.
Explanation:
The demand elasticity is -1.4.
The supply elasticity is 1.2.
Since the demand is elastic, the imposition of tax will not be profitable for the government.
The imposition of tax will increase the price of the good, this will decrease the demand for good, thus the revenue will decrease.
The tax incidence on consumers
= E (supply) / (E (demand)) + E (supply)
= 
= 
= -6
The stock market is essential for companies because they can raise money for their operations. The stock market is important for investors because they can trade their stocks across different companies. The stock market allows both investors and companies to compare their options.
Answer:
$30 Favorable
Explanation:
Calculation for the activity variance for supplies cost in March
Using this formula
Activity variance = (Actual units - Budgeted units) * Variable cost
Where,
Actual units=856
Budgeted units=861
Variable cost=$6
Let plug in the formula
Activity variance=(856-861) * $6
Activity variance=5*$6
Activity variance=$30 Favorable
Therefore the activity variance for supplies cost in March would be closest to: $30 Favorable
