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garri49 [273]
3 years ago
15

Page(s) 165-166 5.3. Why do taxes create deadweight loss in otherwise efficient markets? How would the consumer notice if the go

vernment decided to levy a new $2 tax on potato chips?
(A) There would be no change in price and the consumer would not notice.
(B) Consumers would pay the same price for potato chips, but would notice the $2 tax at the register.
(C) The price of potato chips would rise.
(D) The government would tax individuals who bought too many potato chips.
Business
2 answers:
swat323 years ago
8 0

Answer:

Explanation:

(C) The price of potato chips would rise.

Mashcka [7]3 years ago
3 0

Answer:

The taxes lead to a increase in prices, so it leads to fewer people buying the product, which creates deadweight loss.

(C) The price of potato chips would rise.

Explanation:

The taxes lead to a increase in prices, so it leads to fewer people buying the product, which creates deadweight loss.

So the correct answer is:

(C) The price of potato chips would rise.

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The correct answer of the question is Fraud.

The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to: Fraud.

<h3>What is Fraud?</h3>
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5 0
1 year ago
Some risks associated with investing in real estate are?
kirill [66]

An investor must see what circumstances while investing in a real estate area. So the investor must be careful while investing.

One can loose tenant and his invested capital, tenant capital and fixed turnovers would be largely affected. increased property taxes and increased cost of operations a real estate investor is exposed to all these.

Some other risks associated with taking huge debts for investing in a property, liquidity risks , management risks, legislative risks, and environmental risks with several legal risks. It also include sometimes bad locations, negative cash flows etc.

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4 0
2 years ago
A 10% rise consumer income results in a 4% decrease in the quantity demanded for pasta. the income elasticity of demand for past
Stells [14]
The income elasticity of demand for pasta is -0.4 based on the data from the question above. The answer to this problem can be solved using the elasticity formula which stated as ED = Q percent change / I percentage change where ED is the elasticity of demand, Q is the quantity of the product, and I is the consumer's income<span>. (Calculation: -4%/10%=-0.4)</span>
5 0
3 years ago
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Sloan [31]

Answer:

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Explanation:

The partnership liquidation occurs when the day-to-day operation is closed for good. Part of liquidation's process is to sold the partnership's assets and paid all creditors (outside and partners) and divide the excess to the partners based on the profit and loss ratio or if there is still existing obligation to the creditors, the partners will pay it using their personal assets (applicable to general partner only). This stage, the life of the partnership ceased to exist.

4 0
3 years ago
The USDA maintains ethanol has an impact on food prices. "Higher ethanol production definitely and directly raises the price of
aleksklad [387]

Answer:

new corn farmers will enter the market and decrease the market price.

Explanation:

In regards to the information provided, it can be said that in a long term perspective if the production of ethanol keeps increasing then new corn farmers will enter the market and decrease the market price. This is because as ethanol production increases, so does the price of corn. This will continue up to a certain point were profitability for farmers is high and many new farmers will enter the market hoping to profit from the corn as well. All these new farmers will drastically increase the production of corn and as the supply of corn rises the prices will begin to fall.

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