Answer:
The correct answer is: price elasticity of supply and demand.
Explanation:
The government introduces a $4 per unit tax on the supply of automobile tires. The tax is imposed on the suppliers. The effect of the imposition of tax will remain the same whether the incidence falls on the buyer or seller. The imposition of tax will lead to an increase in the price of the commodity.
The burden shared by the buyers and sellers depends on the elasticity of demand and supply. If demand is more elastic than the supply, the supplier will bear the greater burden and vice versa.
Answer:
There is no change in consumers' or producers' well being
Explanation:
Currently consumers of vodka were levied tax of $2. However, government decided to provide tax relief to consumers and shift the burden on producer. There will be no change in the well being of consumers and producers.
Tax is a cost that shifts demand curve if consumers pay tax. Supply curve shifts if producers pay tax. The overall effect, however remains the same. If producers pay tax, cost per unit vodka will increase which will be reflected increased prices. Similarly, if consumers pay tax, they will demand lesser. so there is no change overall.
<span>Sole Proprietorship - These businesses are possessed by one person.
Sole proprietorships possess all the assets and incomes.
Partnerships - two or more people share possession of a single business
there is a legal agreement that profits will be shared and capital must be shared by each partner.
Corporations – these are chartered by the state, taxed, and the possessors of a corporation are its stockholders.</span>
The athletic trainer must be aware of and adhere of an athletic care facility as dictated by occupational safety and health administration or as called as OSHA with the occupational safety and health act of 1970, congress made the occupational safety and health administration to reassure not dangerous and healthful operational conditions for working men and women by setting and administering principles and by providing training, outreach, education and assistance.