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
What is local business​
Helen [10]
A local business is a busses that sells its products and services to consumers in its own city or town.
7 0
2 years ago
Read 2 more answers
Antonio and Dina are debating the use of student discounts by local theaters near school. Antonio argues, "When theaters offer d
Ivanshal [37]

Answer:

The correct answer is letter "A": Dina.

Explanation:

The fact that local theaters near school offer a discount to students with valid identification is not a form of discrimination. As stated by Dina, there is no age restriction, for instance, and it is presumed, there is no other such religious preference, sexual orientation, race, and so forth. Economists are more likely to agree with Dina since what the local theaters are simply trying to do is to get the more clientele possible out of diverse sources. In this case, the source is the student status.

7 0
4 years ago
Suppose a dairy distributor, experiencing approximately constant demand for each sku, ships an average of 200 pallets per day. I
horsena [70]

Answer:

It will take Average of 5 days waiting time in the warehouse.

Explanation:

Inventory per day = 200 pallets

Total occupies pallets = 1,000 pallets

Use following formula to calculate average waiting time in the warehouse

Average wait time spent in warehouse = 1,000 / 200 pallets per day

Average wait time spent in warehouse = 5 days

It will take Average of 5 days waiting time in the warehouse.

3 0
3 years ago
In the rational choice decision process model, which of the following immediately follows the step where possible choices have b
nata0808 [166]

Answer:

Correct Answer:

b. Select the choice with the highest value.

Explanation:

In the rational choice decision process model, it is a series of process whereby steps are taking towards making a beneficial decision for a given business setup. <em>In a situation where </em><u><em>possible choices has been discovered,</em></u><em> the next step would be </em><u><em>to select the choice with the highest value which is going to be implemented.</em></u>

3 0
3 years ago
Where did martha stewart work before she came an entrepreneur?
Zina [86]
Martha Stewart is a Lifestyle guru and businesswoman. She was born Martha Kostyra, on August 3, 1941, in New Jersey. 
Martha Stewart started her work as a model at the age of 13, she used to appear in fashion shows as well as television and print advertisements. She also<span> started a catering business in the late 1970s. Soon she was known for her gourmet menus and unique, creative presentation.</span>
3 0
4 years ago
Other questions:
  • When a salesperson asks for the sale, he or she is trying to:_________.
    8·1 answer
  • If the CPI was 72.6 in 1979 and 144.5 in 1993, by what percentage did prices rise during the period 1979-1999?
    15·1 answer
  • What tool of monetary policy will the Fed use to increase the federal funds rate from 1 percent to 1.25 percent
    7·1 answer
  • Blake is seeking to buy a mare that he can breed. Levi tells Blake about a horse that Levi wants to sell, stating that he (Levi)
    13·1 answer
  • Vilal
    9·1 answer
  • When economists say that the demand for labor is a derived demand, they mean that it is rev: 06_21_2018 Multiple Choice dependen
    11·1 answer
  • What are some products and services that may be purchased by calling the eight companies customer service number
    7·1 answer
  • The legal capital per share of stock that is assigned when the corporation is first established is referred to as.
    7·1 answer
  • The monetary arrangements made at bretton woods resulted in what type of exchange rates assigned to member nations’ currencies?
    8·1 answer
  • Cinnamon Toast Crunch cereal and Just Right cereal are considered substitute goods. Accordingly, one could predict that, holding
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!