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
ExtremeBDS [4]
3 years ago
11

Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to b

eer. The price elasticity of supply of liquor is 3.5​, and the price elasticity of demand is −0.4. The​ cross-elasticity of demand for beer with respect to the price of liquor is 0.1. If the new tax is​ imposed, who will bear the greater burden long —liquor suppliers or liquor​ consumers?
Business
1 answer:
Lelu [443]3 years ago
3 0

Answer:

Liquor consumers

Explanation:

Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.

Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.

The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.

If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.

If taxes are imposed on suppliers, the quantity supplied would fall more.

Therefore , the burden of tax can be passed on more to consumers.

I hope my answer helps you.

You might be interested in
A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.
Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>  

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0
3 years ago
Lists three of the most important factors that should be considered when designing a web site
rjkz [21]

making the site usable for the average user

speed website speed can make or break your entire website

contact info

5 0
3 years ago
The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing
zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.

7 0
3 years ago
The cash conversion cycle is computed as:
Anna [14]

Answer:

The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.

Explanation:

Cash conversion cycle which is also termed as Net operating cycle or Cash cycle, this cycle tells us about how much time it is going to take for an organization to converts the amount of investment it has made in the inventory and various other resources to cash , which will be generated by sales.

Formula used for calculation =

                             AMOUNT OF SALES OUTSTANDING IN DAYS

                                                  +

                             AMOUNT OF INVENTORY OUTSTANDING IN DAYS

                                                  +

                             AMOUNT OF PAYABLE OUTSTANDING IN DAYS

4 0
3 years ago
The sec generally defers to the fasb concerning controversial disclosure and reporting issues.
xxMikexx [17]

This assertion is true. In addition, the SEC has the remaining accountability to make certain that the FASB deals with troubles referred to it by the SEC.

The cooperative effort between the public and personal sectors has given the United States the first-rate economic reporting gadget in the world, and the Commission is intent on making it even better.

<h3 /><h3>Who does the SEC document to?</h3>

19 The SEC is guilty to Congress as it operates beneath the authority of federal legal guidelines inclusive of the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act), amongst others.

Learn more about SEC here:

<h3>brainly.com/question/3798508</h3><h3 /><h3>#SPJ4</h3>

6 0
1 year ago
Other questions:
  • Rasheed works for Company A, earning $299,000 in salary during 2019. Assuming he is single and has no other sources of income, w
    11·1 answer
  • Which of the following statements is a characteristic particular to the postindustrial economy?
    12·1 answer
  • Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells
    8·1 answer
  • Without an adjusting entry for accrued interest expense, liabilities and interest expense are understated, and net income and st
    10·1 answer
  • Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the proper
    7·1 answer
  • if interest rates are positive, the future value of a given sum will always be less than the present value
    6·1 answer
  • I feel nice so just tell me your fave game
    14·2 answers
  • A ________ pay plan pays for individual performance based on performance appraisal ratings.
    13·1 answer
  • MANAGING YOUR FINANCES IS A DAILY OR WEEKLY ACTIVITY FOR FINANCIAL WELLBEING, xplain 2 PROFESSIONAL DEVELOPMENT ACTIVITIES YOU C
    7·1 answer
  • What type of business is the orthodontic practice where Amy works?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!