Answer:
The buyers will pay the greater share
Explanation:
The burden of tax falls on the person with the less elasticity of demand or supply.
If demand (supply) is elastic, a small change in price has a greater effect on the quantity demanded (supplied).
If demand (supply) is inelastic, a small change in price has little or no effect on quantity demanded (supplied).
If demand (supply) is perfectly inelastic, price has no impact on the quantity demanded (supplied).
If supply is neither perfectly elastic nor perfectly inelastic, it means supply could either by elastic or inelastic. Demand on the other hand is highly inelastic, so consumers bear the greater burden of tax.
I hope my answer helps you
Answer:
a) since the tax rate oh household interest earnings increases, the number of households that will save money will increase, and the households that were already saving money might increase the amount saved. As a result, private savings will increase in Ucheland.
b) see attached image
Answer:
$25
Explanation:
We can calculate intrinsic value by intrinsic formula
Formula : intrinsic Value = (purchased price- current price) x 100
intrinsic Value = (45-44.75) x 100
intrinsic Value = $25
Answer:
B. Class tensions will lead to the end of market economies.
Explanation:
According to the Marxists theory, the tension between the capitalist and the working class gives birth to the class conflict in the society. It is tension that is created as the result of the exploitation and conflict between the two. This conflict further would initiate a revolution among the working class that would turn the capitalist class upside down. The exploitation faced by the working class by the capitalists is the major force that would turn them to be rebellious.
