1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PSYCHO15rus [73]
3 years ago
7

How is elasticity related to the revenue from a sales tax?

Business
1 answer:
diamong [38]3 years ago
8 0

Answer:

The correct answer is (d)

Explanation:

Elasticity means a change in price will change the supply or demand more than the price change. If the demand is inelastic, then the increase in price will increase the tax revenues because the demand will not change much compared to the price change. Likewise, this phenomenon is the same in the case of supply; the increase in taxes will decrease the overall quantity supplied, which will decrease the overall tax collection or tax revenue.

You might be interested in
In an appearance on Shark Tank, the owner of a wedding runner company wanted to pursue a strategy of _____ and make her runners
Ksenya-84 [330]

Answer:

<u>c. cost leadership; differentiation</u>

Explanation:

<em>Remember,</em> we are told that the owner wants to make her runners affordable to the public, and we agree that affordability is only possible when there is cost leadership.<u> </u><u>Cost leadership strategy simply implies that the company's products/services are positioned to be the cheapest in comparison with other competitors.</u>

To specifically focus on quality and uniqueness, the sharks were asking the owner to pursue the differentiation strategy. <u>Differentiation strategy requires having features that set your product or service apart from others such as quality and uniqueness.</u>

7 0
3 years ago
According to Forrester's Social Technographics Model a ______ score measures how common it is for a target segment to share prod
matrenka [14]

According to Forrester's Social Technographics Model a Use score measures how common it is for a target segment to share product and service experiences.

<h3>What is Forrester Social Technographics Model?</h3>

This is the model that was developed by this person which focuses on social behaviors.

The model is one that helps commercial business peiople to target the behaviors of their audiences for the sake of building customers relationships.

Read more on Forrester's Social Technographics Model here:

brainly.com/question/13649774

#SPJ1

8 0
2 years ago
AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30.
puteri [66]

Answer:

(C) $10,000

Explanation:

Debit Accounts Receivable for $10,000

4 0
3 years ago
Select the correct answer. What is the first step in financial planning? A. maintaining a log of all your expenses B. understand
Mariulka [41]

Answer:B

Explanation:

If you don't know what you want you can't do anything else

6 0
3 years ago
Question 14
Alexxx [7]

Answer:

Decrease

No change

Explanation:

As we know that

Contribution margin ratio = [(Sales - Variable Costs) ÷ (Sales) ]

Now in the case when the selling price and the variable cost would decreased by 7% so the sales and variable cost would decreased by the similar amount so there is no change in the contribution margin ratio

Also

Contribution Margin per Unit = Sales revenue per Unit - Variable Expenses per unit

Now if the  selling price and the variable cost would decreased by 7% so the contribution margin would also decrease

4 0
3 years ago
Other questions:
  • Which of these is a way to be sure that products or services are acceptable to customers?
    14·2 answers
  • A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita
    7·1 answer
  • While ethical dilemmas sometimes have no clear cut right or wrong answer, the study of business ethics has generated certain sch
    5·1 answer
  • According to the Comparative Analysis of Tools and Technologies for Policy-Making theory, there are 11 possible main categories
    10·1 answer
  • Who bought the treasure island hotel and casino from the Wynn corporation?
    13·1 answer
  • Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happe
    14·1 answer
  • A form of advertising that firms use when a product enters the growth phase of the product life cycle and other companies begin
    14·1 answer
  • Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c
    11·1 answer
  • Đặc điểm sản phẩm tác động tới việc lựa chọn phương thức thâm nhập thị trường thế giới của
    5·2 answers
  • Data was collected on salaries of compliance specialists in corporate accounting firms. The salaries ranged from
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!