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Elza [17]
3 years ago
11

Suppose a tax is imposed on bananas. In which of the following cases will the tax cause the equilibrium quantity of bananas to s

hrink by the largest amount?
a. The response of buyers to a change in the price of bananas is strong, and the response of sellers to a change in the price of bananas is weak.
b. The response of sellers to a change in the price of bananas is strong, and the response of buyers to a change in the price of bananas is weak.
c. The response of buyers and sellers to a change in the price of bananas is strong.
d. The response of buyers and sellers to a change in the price of bananas is weak.
Business
1 answer:
slega [8]3 years ago
3 0

Answer:

c. The response of buyers and sellers to a change in the price of bananas is strong.

Explanation:

At more elastic the demand (buyers) and supply ( sellers) curve are, greater the effect on the equilibrium quantity. As the taxes is negative for both parties:

increase sales price for the buyer (demand) the demand curve will shift down at higher elasticity

If the supply is inelastic the supplier will take the hit of the tax and but if it is elastic as well both will "fight" to move the effect to the other making the quantity decrease heavily

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Answer: Option (D)

Explanation:

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​Josiah, Inc. provides the following information for​ 2017:Net income​$350,000Market price per share of common stock​$50 per sha
AURORKA [14]

Answer:

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Explanation:

Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.

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3 years ago
Sandra views herself as a tough but fair supervisor. She gives explicit instructions to her subordinates about how tasks should
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3 years ago
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As a business owner, you're responsible for making the decisions that pertain to the profitability of your business. This decisi
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3 years ago
EA3.
icang [17]

Answer:

3,000 units and 1,950 units

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For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:

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3 years ago
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