When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic,

Business

1 answer:

kondaur [170]3 years ago

4 0

Answer:

a. buyers of the good will bear most of the burden of the tax.

Explanation:

When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic, buyers or consumers of the good will bear most of the burden of the tax.

However, when tax is imposed on a good whose supply is relatively inelastic and the demand for the goods is relatively elastic, the producers or sellers would be responsible for the tax burden of the goods.

Generally, tax revenues are larger with respect to the inelasticity of demand and supply.

You might be interested in

Which of the following is a person who authorized an agent to act on his or her behalf

lina2011 [118]

Answer:

Principal

Explanation:

A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal).

8 0

2 years ago

Approximately what percentage of meals are eaten away from home in the United States? a) 20% b) 30% c) 40% d) 50%

salantis [7]

C . Depending on how many siblings there are

7 0

3 years ago

BTC, a consulting company with offices across the United States, began an employee discussion forum on its website. A few employ

AnnZ [28]

Answer:

c) moderators.

Explanation:

Since BTC doesn't want to limit employee interaction, but at the same time, it would like to limit what employees can write. The use of moderating features of a discussion forum through the service of a moderator will help them achieve this effectively and efficiently.

A moderator is a neutral individual who has the sole responsibility and skill set to preside and regulate discussions, by ensuring participants do not stray off from the subject matter and the time allotted to them.

4 0

2 years ago

The three major types of firms in the united states are called

Nina [5.8K]

The three major types are;
1. Partnerships
2. Corporations
3. Sole proprietorship

5 0

3 years ago

Let’s say you are a defense attorney and are defending a client on a murder charge. The victim was found in a dark alley. A witn

Klio2033 [76]

As mentioned the alley was dark. So it is possible that there was someone else at the crime scene and the witness is mistaken to be that man. It is quite possible to see someone in the dark and mistaken them for someone else. As the alley was dark, eye witness testimony is not reliable.

The eyewitness doesn’t have any evidence whereas my client has an alibi and he was not present at the crime scene. Even if my client was standing near the boy it doesn’t prove that he killed someone.

5 0

3 years ago