1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
14

Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the

Business
1 answer:
Inessa05 [86]3 years ago
4 0
If the sellers pay the majority of the tax, then the supply is more inelastic than demand. 

If something is inelastic it is not sensitive to changes in the price or income of someone. The sellers will always have more of the tax burden when supply is more inelastic than demand and vis versa when demand is more inelastic than supply. 
You might be interested in
How to make demon children
Nitella [24]

Answer:

dont vaccinate them lol

4 0
3 years ago
Read 2 more answers
Heather is sixteen but looks much older. She goes into a jewelry store and buys a diamond bracelet with the money she has been s
patriot [66]

Answer:

can return the bracelet and get her money back

Explanation:

Minors have a restriction on the products that they can. To purchase these products they must have consent of their parent or guardian.

An identity card is required to determine the age of the buyer to avoid wrong sales to minors.

Items prohibited from sale to minors include: alcohol, tobacco, petrol, offensive weapons, intoxicating substances, and expensive jewelry.

So in this scenario since due diligence was not carried out by the store to check Heather's age on purchase, she can return the diamond bracelet and get back her money.

This was an illegal sale.

3 0
3 years ago
What is a retail Growth potential?
mr Goodwill [35]

Answer:

decisions related to allocating available resources among different target markets and retail formats

Explanation:

7 0
2 years ago
During the month of March, Munster Company's employees earned wages of $64,000. Withholdings related to these wages were $4,896
STALIN [3.7K]

Answer:

A) March 31 journal entries for wages expense and wages payable

  • Dr Salaries and Wages Expense account 64,000
  • Cr FICA Taxes Payable account 4,896
  • Cr Federal Income Tax Payable account 7,500
  • Cr State Income Tax Payable account 3,100
  • Cr Union Dues Payable account 400
  • Cr Salaries and Wages Payable account 48,104

B) March 31 journal entries for company's payroll tax expenses

  • Dr Payroll Tax Expense account 5,596
  • Cr FICA Taxes Payable account 4,896
  • Cr State Unemployment account 700

8 0
3 years ago
50k in 2018 what is it?
soldi70 [24.7K]

Answer:

It means that 50,000 dollars was made in 2018

Explanation:

5 0
3 years ago
Other questions:
  • Nations that have the strongest product liability laws tend to be well- developed economically However, the general case in deve
    7·1 answer
  • On November 1, 2021, New Morning Bakery signed a $191,000, 6%, six-month note payable with the amount borrowed plus accrued inte
    10·1 answer
  • Which financial statement would best display a company's plant, property, and equipmnt used everyday
    5·1 answer
  • An individual with true self-knowledge is familiar with:
    6·1 answer
  • A Roth IRA and a Tax Deferred investment plan are just two of many ways you can invest into for your retirement. If you wanted t
    14·2 answers
  • I'maSolarPanelCo. manufactures and distributes solar panels in the US market. Two years ago, it had 5 US competitors, but govern
    8·1 answer
  • Mr. Smith is hired as a consultant to a firm evaluating entry into a perfectly competitive industry. Mr. Smith determined that a
    5·1 answer
  • A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $60; Sec
    15·1 answer
  • Greece can produce either 100 bushels of oranges or 20 bushels of tomatoes using all of its available resources, and Turkey can
    14·1 answer
  • Brandon has presented the possible requirements for the next sprint. The development team has asked questions and has clarificat
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!