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Andreas93 [3]
3 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]3 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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Adler Company is considering developing a new product. The company has gathered the following information on this product. Expec
MrRissso [65]

Answer:

markup 200% over cost

selling price 75 dollars

Explanation:

investment 500,000

return on investment : 10%

500,000 x 10% = 50,000

units producted: 1,000

markup per unit: 50,000 / 1,000 = 50 dollar

the markup will be: 25 * X = 50

X = 2 = 200%

selling price: 25  + 50 = 75

75

6 0
3 years ago
Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear
kompoz [17]

<u>Solution and Explanation:</u>

  • When interest rate is 8%, opportunity cost is 800 dollar per year for 10000.
  • When interest rate is 10%, opportunity cost is 1000dollar per year for 10000.

McQ ans is C I.e. Qunatity demand decreases as interest rate rises because Md=KPY-hi

It is to kept in mind that with the change in the quantity that is being demanded may fluctuate with the change in the interest rate. The relationship between the price and demand goes hand in hand.  

7 0
3 years ago
What is the first step she should take to solve her problem
lina2011 [118]
What is the problem?
3 0
2 years ago
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When i was a young man (not too long ago) big box retailers - very large, free-standing specialty stores were very popular. toda
Mashcka [7]
It could be explained by the way technology and society is moving on, its a different generation lids nowadays grow up with phones in their faces rather than toys so I would say generation change
3 0
3 years ago
Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will
patriot [66]

Answer:

C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise. 

Explanation:

An increase in demand would lead to an increase in demand and price.

An increase in supply would lead to an increase in supply and a fall in price.

The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.

I hope my answer helps you

6 0
3 years ago
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