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Viefleur [7K]
3 years ago
13

​If the demand for apples is highly elastic and the supply is highly inelastic, then if a tax is imposed on apples it will be pa

id: Question 24 options: ​largely by the sellers of apples. ​largely by the buyers of apples. ​equally by the sellers and buyers of apples. ​by the government.
Business
1 answer:
mars1129 [50]3 years ago
5 0

Answer:​largely by the sellers of apples.

Explanation: A highly elastic Demand is the demand that changes at the slightest increase in the price of a good or service.

A highly inelastic elastic supply is the situation where the supply of goods and services does not change even when the taxes or cost of production of the good or service increases.

When supply is inelastic, the sellers will bear the burden of the increased tax as increasing the price of the apples will cause the customers to look for alternatives.

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pre-writing is important for all of the following reasons except: a. it is where the ideas are generated. b. it gets ideas down
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Answer: C it forces the writer to be specific early in the process

Explanation:

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3 0
2 years ago
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Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur
Minchanka [31]

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

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2 years ago
Documents in a voucher system
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Explanation:

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Invoice approval - A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.

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4 0
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A sole priorietorship is a business that is owned by a number of people?<br><br> True or false?
miskamm [114]
The answer is "false"
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const2013 [10]

Answer: $5000

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