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bagirrra123 [75]
3 years ago
13

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2015.

Business
1 answer:
pishuonlain [190]3 years ago
4 0

Answer:

See explanation section

Explanation:

See the images to get the answer

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Suppose that the demand elasticity for cigarettes is equal to 2.0. If the demand elasticity for Camel cigarettes is equal to 6.0
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Answer:

Let understand what elastic and inelastic demand is:

- If the small change in price causes heavy change in the quantity demanded then the demand is said to be elastic.

- Opposite to it is inelastic where even there is a very high change in the price but there is not so much effect on the quantity demanded.

Here, Camel cigarettes has a price elasticity of demand which is equal to 6 which means if the price suddenly increased, the quantity demanded will decrease. If any cigarette is having price elasticity of demand less than 2, it means it has less elasticity or if price increases very much then quantity demanded will not be affected so much.

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A bond's yield to maturity considers the interest earnings and the change in the bond's price while the current yield considers
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When a tax is levied on the buyers of a good, the A. buyers of the good will send tax payments to the government. B. supply curv
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Answer:

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When a tax is levied on a good, the buyers and sellers of the good share the burden,  regardless of how the tax is levied since it increases the price that buyers effectively pay and decreases the price that sellers effectively receive. Taxes decrease the equilibrium quantity of the good.

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