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Licemer1 [7]
3 years ago
11

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha.the supply is more elasti

c than the demand.b.the demand in more elastic than the supply.c.the tax is placed on the sellers of the product.d.the tax is placed on the buyers of the product.
Business
1 answer:
Roman55 [17]3 years ago
6 0

Answer:

B. The demand is more elastic than supply .

Explanation:

Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .

Elasticity means responsiveness of demand & supply to prices.

'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.

The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.

So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.

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4 years ago
How can you reach the best version of yourself?
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A and B

Explanation:

Unless you can choose B by itself then go with A and B.

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3 years ago
Read 2 more answers
Financial statement data at December 31 for Ecco Company are as follows: Cost of goods sold $552,500 Inventories: Beginning of y
nikitadnepr [17]

Answer:

b.112.3 days

Explanation:

The computation of the number of days' sales in inventory for the year is shown below:

Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year

= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days

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7 0
3 years ago
The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha
lubasha [3.4K]

Answer:

Marketing

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3 years ago
a face value of $450 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective int
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Answer:

$7,776,899

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Calculation to determine what interest expense would it recognize in its 2021 income statement

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Interest expense= $7,776,899

Therefore the interest expense that would be recognize in its 2021 income statement is $7,776,899

7 0
3 years ago
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