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mezya [45]
3 years ago
7

What percentage of a tax will the demander pay if price elasticity of supply is 0.3 and price elasticity of demand is 0.7? What

percentage will the supplier pay?
Business
1 answer:
irina [24]3 years ago
7 0

Answer:

The correct answer is: 70%.

Explanation:

According to the information in the case:

  • Price elasticity of supply: 0.3
  • Price elasticity of demand: 0.7

The percentage of the tax burden on the supplier is calculated in the following way:

Tax burden on the supplier = \frac{Elasticity of demand}{Elasticity of supply + Elasticity of demand} x 100

Tax burden on the supplier = \frac{0.7}{0.3 + 0.7} x 100 = 70

Therefore, <em>the tax burden on the supplier is 70%.</em>

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Answer: The answer is given below

Explanation:

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Strikes can bring about potential benefits such as better working conditions, increase in pay, improved labor productivity, increase in work morale, and lower absenteeism. Itcsn also bring about economic costs to the society. Strikes results in negative impacts on employees, employers, consumers, stakeholders, the government, and the whole economy.

During strikes, there are less goods available for consumers, decrease in revenue on the part of employers, idle employees, and the economy is also affected badly.

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3 years ago
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I believe it’s true
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The balance in Happ Inc.’s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 bala
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Answer:

Explanation:

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Explanation:

i just know

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