Answer:
It isn't a violation of the law of demand. It is as a result of the elasticity of demand.
A tax is a compulsory sum levied on a good or service. Taxes increases the price of products. In determining whom should bear the greater burden of the tax between the consumer and the seller, elasticities are usually considered. The party with either a relatively inelastic supply or demand bears the greater burden of tax while the party with the more elastic demand or supply bears less burden of tax.
Demand (supply) is elastic if a small change in price has a greater effect on the quantity demanded (supplied).
Demand (supply) is inelastic if a small change in price has little or no effect on the quantity demanded (supplied).
For good X, consumers have an inelastic demand so they bear more of the tax Burden. As a result of the tax, price increases, yet the quantity demanded doesn't change. Therefore, the total revenue would rise.
For good Y, consumers have an elastic demand. Therefore, they bear less burden of tax. As a result of the increase in price, the quantity demanded falls and total revenue falls.
Explanation:
Answer:
$23.19
Explanation:
The the weighted average perpetual inventory system recalculates a new unit cost whenever a new purchase is made. This unit cost is used to value cost of sales and inventory balance.
<em>Unit Cost = Total Cost of units available for sale ÷ Total units available for sale</em>
August 18
Unit Cost = [(19 units x $16) + (21 units x $15)] ÷ 40 units
= $15.475
August 31
Unit Cost = [(2 units x $15.475 ) + (24 units x $19)] ÷ 21 units
= $23.1880 or $23.19
therefore,
The per-unit value of ending inventory on August 31 is $23.19.
Treasury bonds < Treasury notes < Treasury bills is the comparing the interest rates for U.S. government securities. Thus, option (a) is correct.
<h3>What are
interest rates?</h3>
Interest rates are the fees associated with pricey borrowing of money. The sum represents a percentage. The interest rates was the basis on the annual percentage rate basis.
The interest rates for U.S. government securities include treasury bonds, treasury notes, and treasury bills. There was a difference in the due date dates and the payment methods. Fixed-income certificates issued by the government that are rated safe and secure.
Therefore, option (a) is correct.
Learn more about on interest rates, here:
brainly.com/question/13324776
#SPJ1
Answer:
$116,000
Explanation:
Heather’s beginning capital account balance of $85,000
Add basis of the property contributed $6,000
Add Share of partnership income $40,000
Less Partnership distributed ($15,000)
Ending capital account balance $116,000
Answer:
B
Explanation:
Perpetuity formula for present for present value to be invested today
Pv = C /R
where c is the amount of continuous cash payment and R is the interest rate
PV = $ 15000 / 0.09 = $ 166666.67 approx $ 166667
