Answer:
C. highly inelastic
Explanation:
An excise tax on a product will increase its price from the equilibrium point, to a higher point set by the government.
If the government was to enhance its revenue by this means, it should enact the excise tax on products that are highly inelastic.
This is because a highly inelastic product is one whose quantity demanded does not fall considerably even if the price rises a lot.
This means that even if the product is more expensive after the excise tax, consumer will continue to buy it, increasing government revenue in this way.
Is the 3 % an annual rate or monthly rate? Whats the initial amount deposited?
Then I can better help answer your question.
Answer: 80%
Explanation:
If the margin requirement was 25% then the amount of cash you invested is;
= Total value * margin requirement
= 5,000 * 25%
= $1,250
The price increased to $60 and now you have $6,000.
The return is;
= (New Price - Old Price) / Invested amount
= (6,000 - 5,000) / 1,250
= 80%
Answer:
The appropriate response is "Pure competition".
Explanation:
- Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment.
- Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.