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MariettaO [177]
4 years ago
9

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]4 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.

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Answer:

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Explanation:

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3 years ago
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Answer:

E) agglomeration economies

Explanation:

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3 years ago
When a government program is justified not on its merits but on the number of jobs it will create:___________. a. the program is
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3 0
3 years ago
As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?
Leni [432]

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What does the annual percentage rate on a credit card determine?
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