Answer: See explanation
Explanation:
You didn't give the options and I couldn't find the exact question online. Let me try help out.
Incidence of tax is the impact that a tax simply has on how the economic welfare are being distributed. It refers to how tax is being distributed between the producers and the buyers of a particular good. It should be noted that the tax burden is shared by the sellers depending on the elasticity of the said product.
For example, in a situation whereby a $2 tax is imposed on each good a producer produces, if the producer then pass the tax to the final consumers when he raised the price of the goods by $2, we can simply say that such good has a price inelastic as the entire burden falls on the consumer.
Also, assuming the producer can't increase prices because such good is price elastic, that is, there will be a greater change in the quantity of the goods demanded, the burden will be felt by the producer alone. Here, we can say that the tax incidence falls on the producer.
Average x = (5-1)/2 = 2
<span>average y = (-2+3)/2 = 1/2
</span>so
<span>(2 , 1/2)</span><span>
</span>
The reddish-orange colour of weathering of volcanic ash is most likely due to its iron sulfide content which oxidizes to iron oxide so that limonite is yellow and hematite is red and in ash since it is such fine grained material it weathers more rapidly because it has a large surface area.
Hi there! I am actually studying this right now . The correct answer is east . hope this helps!
