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
garik1379 [7]
3 years ago
13

Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectl

y inelastic and the supply curve is upward-sloping, the monthly price for cell phone service will increase by:__________
a. $5.
b. $0.
c. $10.
d. less than $10
Business
1 answer:
dlinn [17]3 years ago
6 0

Answer:

c. $10.

Explanation:

Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectly inelastic and the supply curve is upward-sloping, the monthly price for <u>cell phone service will increase by $10.</u>

As given, the government imposes a $10 per month tax on cell phone service, which means the price of cell phone services will be costlier and increases, however, the demand curve for cell phone service is perfectly inelastic, which mean price of the product does not have any impact on the demand of the product. Then it is given the supply curve is upward sloping, which reflects the higher price of cell phone service is needed to cover the higher marginal cost of production. Therefore, the monthly price for cell phone service will increase by $10.

You might be interested in
When it comes to executing plans, what is the role of a manager?
tiny-mole [99]

When it comes to executing plans, the role of a manager is controlling and problem solving.

<h3>Who is a manager?</h3>

Managers supervise the activities of others in order to achieve goals. Managers in the modern workforce may be in charge of systems or specific functions that do not involve humans.

A manager has several responsibilities in an organization. One of them is concerned with carrying out the plan devised to achieve organizational objectives. A manager uses this plan to control and solve problems that may arise while carrying out the plan, as well as to make necessary adjustments.

For example, compare actual results to planned results and make adjustments as needed.

Learn more about managers on:

brainly.com/question/24708179

#SPJ1

8 0
11 months ago
Stockholders invest $30,000 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual sa
Black_prince [1.1K]

Answer:

Explanation:

1)

Dr Cash $30,000  

Cr Common Stock  $30,000

2) No Entry  

3)

Dr Office Furniture $3,800  

Cr Accounts Payable  $3,800

6)

Dr Accounts receivables $10,800  

Cr Service Revenue (Commission) $10,800

10)

Dr Cash $140  

Cr Service Revenue (Commission)  $140

27)

Dr Accounts Payable $700  

Cr Cash  $700

30)

Dr Salary Expense $3,000  

Cr Cash  $3,000

8 0
3 years ago
Solve 2x + 0.03x = 255​
Xelga [282]

Answer:

\frac{25500}{3}

8 0
3 years ago
Ethical constraints allow companies to ______. A. Give employees bonuses b. Show employees trust c. Fire employees easily d. Exc
kipiarov [429]
Ask if go of do of go off
4 0
2 years ago
Which of these is a nonstore retailer?
Lady bird [3.3K]
A. Vending Machine is a nonstore retailer
7 0
2 years ago
Other questions:
  • The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into
    8·1 answer
  • Business communicators normally use active voice more heavily than passive voice because active voice: a. conveys ideas more viv
    5·1 answer
  • Provide an example of software that may be used to maintain financial records, and identify advantages of using it over maintain
    14·1 answer
  • Which of the following statements is INCORRECT? A : Faithful representation results when different companies use the same accoun
    15·1 answer
  • Brittney is interested in the relationship between caloric intake and emotional arousal. She creates a carefully measured array
    11·1 answer
  • Which of the following would prevent a company from receiving reduced penalties under CERCLA?​ a. ​the situation was corrected i
    9·1 answer
  • What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships betwee
    7·1 answer
  • Can someone plz and answer this, I’m giving 100 points and brainliest!!
    9·2 answers
  • What is the surface area of the Ceral box?<br> Hight is 30 width is 20 side width is 5
    6·1 answer
  • NASA is conducting an experiment to find out the fraction of people who black out at G forces greater than 6. Step 1 of 2: Suppo
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!