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Shalnov [3]
4 years ago
14

Sellers of a product will bear the larger part of the tax burden, and buyers will bear a smaller part of the tax burden, when th

e a. tax is placed on the sellers of the product. b. tax is placed on the buyers of the product. c. supply of the product is more elastic than the demand for the product. d. demand for the product is more elastic than the supply of the product.
Business
1 answer:
maw [93]4 years ago
8 0

Answer:

The correct answer is the letter d. Demand for the product is more elastic than the supply of the product.

Explanation:

Demand elasticity measures the change in quantity demanded due to changes in prices. Supply elasticity, on the other hand, measures the change in quantity supplied due to changes in prices. Thus, the sellers of a product will bear a higher tax burden if the demand for the product is more sensitive than the supply, that is, changes in prices have a greater impact on demand and, to a lesser extent, supply.

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Which of the following would be an example of a NEED? A. a warm winter coat B. designer shoes C. your favorite candy D. a new pa
Vikentia [17]
A. A warm winter coat
3 0
3 years ago
Read 2 more answers
Meyer Inc's total invested capital is $610,000, and its total debt outstanding is $185,000. The new CFO wants to establish a tot
valentinak56 [21]

Answer:

b. $150,500  

Explanation:

debit/capital = $185000/$610000

                     = 30%

target debt is 55%

debt/capital = 0.55

let the new debt be Y

Y/$610,000 = 0.55

Y = $335,500

excess debt need by company = $335500 - $185000

                                                    = $150500

Therefore, The debt that the company must add to achieve the target debt to capital ratio is $150500.

5 0
4 years ago
Inventory records for Dunbar Incorporated revealed the following:
svlad2 [7]

Answer:

Cost of goods sold assuming LIFO would be $474

Explanation:

Date Q U.cost Cost Sold Inventory Cost

april 1 530 2,37       1256,1 330          200 474

apri 20 310 2,5           775 310               0  0

                           640  

8 0
3 years ago
According to Nikki, the design and development manager at Holden Outerwear, it is difficult for the company to push its vendors
Dmitry_Shevchenko [17]

Answer: b. do not want to develop products that may not get used.

Explanation:

According to the case study, Manager Nikki Brush tells of how they introduce new ways of doing things by being able to encourage and push their vendors in a way that they are not used to. She does admit though that it is getting harder to do so because the vendors are seeing their costs rise and don't want to make goods that people might not want to use because they are new and untested.

The Case in question is attached.

3 0
3 years ago
Price supports (such as those placed on agricultural goods) Select one: a. are designed to benefit suppliers. b. hurt demanders
Nonamiya [84]

Answer:

The correct answer is letter "E": generate all of the above consequences.

Explanation:

Price supports, mostly known as price floors, are set by the government to protect producers of certain goods and services. By doing so, the product prices will have a minimum that cannot be trespassed. This is to make sure <em>producers can continue with their operations at least earning a minimum profit margin.</em>

<em>The counterpart, the demanders, are affected because their purchasing power is decreased by setting the price at a certain level without the option of going down from there. Besides, the higher the price, the more taxes consumers will be paying. The disadvantage of price floors is surplusses in production that are the result of demanders not being able to pay the price set by the government. Eventually, government agencies purchase the surplus quantity in an attempt to keep the equilibrium in the market.</em>

8 0
4 years ago
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