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Marianna [84]
3 years ago
14

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.

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How do political factors affect businesses
allsm [11]

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Interest rates and the price of old or existing bonds are a. directly related. b. independent of each other. c. inversely relate
STALIN [3.7K]

Answer:

Option C, “inversely related” is the correct answer.

Explanation:

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If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account
solniwko [45]

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