All categories

3 years ago

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the:

Business

1 answer:

fenix001 [56]3 years ago

5 0

Answer:

The correct answer is option ii.

Explanation:

In the case of imposition of tax on a good, the suppliers will bear the greater share of burden if the demand is more elastic than the supply.

The imposition of tax leads to an increase in the price of the product. If the demand is more elastic, the quantity demanded will decrease to a greater extent with the increase in price.

The supply being less elastic will change to a smaller extent, thus a greater tax burden will be borne by the suppliers.

You might be interested in

Why is it important to start with temporary investments that lead to permanent investments

shepuryov [24]

These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future. These types of investments are usually very safe, but also have quite a low rate of return.

4 0

2 years ago

Who here thinks that we should create a medium of this not unsimilar to yahoo answers, in which we could as general questions in

ANTONII [103]

Well, in my opinion, there should be a little category for that, but then again, that may require extra moderation. Also, the guide lines say to never include personal information. Everyday issues often include personal info. Mostly all of the everyday issues we have can call under the line of math, science, reading, language arts, music, so on.

4 0

2 years ago

Who is affected by our government’s fiscal policies?

Norma-Jean [14]

The answer is C- The entire economy

3 0

2 years ago

5. What strategy does BCG prescribe for each SBU? 6. If you do not agree with the prescribed strategies. What would you do? Just

bixtya [17]

Answer:

Justify your recommendation. From the BCG Matrix we can tell that Electrical appliances unit is a Cash Cow with high market share and stable growth.

THEN U FIND ONE THAT U LIKE

HOPE THIS HELPS

Explanation:

8 0

2 years ago

In a small, closed economy, national income (GDP) is $750.00 million for the current year. Individuals have spent $300.00 millio

andrew-mc [135]

Answer:

1. $50 million

2. $50 million

3. In a closed economy, national savings equals investment

Explanation:

For a closed economy, the formula for calculating GDP = C + I + G

Where C - Consumption

I - investment

G - Government Spending

To find investment ,

750 = 300 + I + 400

I = $ 50 million

National savings = private saving + Government saving

Private saving = Y − T − C

750 - 300 - 250 = $200 million

Public savings = T - G

250 - 400 = $-150 million

National savings = $200 - $ 150 million = $ 50 million

Nb - All numerical values are in $ millions

6 0

2 years ago