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Andreas93 [3]
4 years ago
8

An increase in the size of a tax is most likely to increase tax revenue in a market with elastic demand and elastic supply.

Business
1 answer:
Inga [223]4 years ago
6 0

Answer:

<u>elastic demand and inelastic supply</u>

Explanation:

  • When the demand for a substance goes up the price of a similar product also goes up this emphasis on the elasticity of demand of the product which is due to the increase in the rise in the revenues of the demanded product.
  • Thus an increase in revenue the total demand will be elastic and increased price has a larger demand on the quantity demanded so the example of petrol or oil product, sale of the cigar, and chocolate all depends on the inelastic production supply.
  • Based on the availability of raw mater, Length, and complexity of production, the Mobility of factors and time taken to make.
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b. Firms enter culturally distant countries in later stages when they may gain more confidence.

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On June 27, 2021, Cara Van Travel distributed to its common shareholders 510,000 outstanding common shares of its investment in
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Explanation:

According to the scenario, the given data are as follows:

Total outstanding shares = 510,000

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6 0
3 years ago
Asper Corporation has provided the following data for February. Denominator level of activity 7,700 machine-hours Budgeted fixed
Brrunno [24]

Answer:

Asper Corporation has provided the following data for February. Denominator level of activity 7,700 machine-hours Budgeted fixed manufacturing overhead costs $ 266,420 Fixed component of the predetermined overhead rate $ 34.60 per machine-hour Actual level of activity 7,900 machine-hours Standard machine-hours allowed for the actual output 8,200 machine-hours Actual fixed manufacturing overhead costs $ 259,960 The budget variance for February is $6,460 Favorable.

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Budgeted fixed manufacturing overhead cost = $266,420.

Actual fixed manufacturing overhead costs  = $259,960

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