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Marina CMI [18]
3 years ago
15

In which of the following cases is it most likely that an increase in the size of a tax will decrease tax revenue? Answers: A) T

he price elasticity of demand is small, and the price elasticity of supply is large. B) The price elasticity of demand is large, and the price elasticity of supply is small. C) The price elasticity of demand and the price elasticity of supply are both small. D) The price elasticity of demand and the price elasticity of supply are both large.
Business
1 answer:
DiKsa [7]3 years ago
6 0

Answer:

The correct answer is option D.

Explanation:

An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.  

The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.  

At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.  

So when less output is produced and demanded the tax revenue will also be lower.

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Regulators in different countries have proposed various regulations for product labeling. All of the following statements pertai
viktelen [127]

Answer:

D) the use of terms "light" and "natural" are allowed on labels only in the United States.

Explanation:

As the term "light" has a dictionary meaning of a very low in weight as compared to similar products in the market, is a very basic term to define the nature of product.

No labelling regulator has claimed that this kind of labelling is only allowed in the United States.

Further, the dictionary meaning of the word "natural" with respect to products shall mean, one that is not composed of high chemicals or transformation, but the major essence is extracted from the nature, i.e. from the environment.

Thus, the word natural can again be used by any country to label their product and in no manner is restricted to the United States.

6 0
4 years ago
ou believe that stock prices reflect all information that can be derived by examining market trading data such as the history of
solniwko [45]

Answer:

The correct answer is letter "C": Weak.

Explanation:

As part of the Efficient Market Hypothesis (EMH) and opposed to the <em>strong-form efficient</em> market theory, Weak-form efficiency takes into consideration past price movements of an asset to "predict" future movements. It doesn't consider accurate the fundamental and technical analysis of the market.

3 0
3 years ago
Damaris is a member of AASA. What did she most likely learn from a meeting she recently went to? A professional accountant would
Andrew [12]

Answer:

<u>There is a conference for school principals coming to town</u>

<u>Explanation:</u>

Remember, the full meaning of the acronym AASA is the American Association of School Administrators.

Hence, we could more likely conclude that from all the listed options, she most likely learned from such a meeting that there is a conference for school principals coming to town because members of this organization consist mainly of leaders of educational facilities such as principals.

4 0
4 years ago
Read 2 more answers
Use your knowledge of the challenges new managers face to complete the following sentences.
DIA [1.3K]

Answer: The correct answer is MOST

Explanation: Managers in any organization are known to provide the necessary human action inorder for the planned outcomes of the organization to be achieved. In doing the above, the mostly get involved in activities that involve motivating others and meeting people. These activities such as leading others, leading innovations and networking over time tend to be enjoyed as they are not monotonous activities like paperwork.

8 0
3 years ago
Carrie is from the marketing department and she has become increasingly upset with the attitude of the production member of the
Lana71 [14]

Answer:

The correct option is storming,option C

Explanation:

Storming is that stage in group formation when group members' work styles begin to conflict with each other,it is a very critical stage in group formation in that if these conflicts are not properly analyzed and managed,it might  signal the beginning of failure.

It is a stage where clarity sets in,people begin to see what roles they would occupy,hence begin to jostle for leadership.

It very clear that Carrie's work pattern is not in tandem with Andrew's,in other words,the wayout would be for a group leader  to wade in,in order that the conflict can be resolved amicably in a timely fashion.

8 0
4 years ago
Read 2 more answers
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