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Yes it is unfair exactly like people can’t afford sometimes
Answer:
c) Debt of $20 million and assets of $570 million
Explanation:
Line of credit increases liability in a company's Balance sheet only when it is used. Thus, PBC (Peanut Butter & Chocolate) Company will have debt of $20 Million and Assets of $570 Million
Answer:
B. both the size of the deadweight loss from a tax and the tax incidence
Explanation:
The price elasticities of demand & supply are : buyers' & sellers' - demand & supply responsiveness to price change.
On levy of indirect tax - whose burden can be shared between buyers & sellers ; it affects tax incidence & deadweight loss both :-
- More tax burden shifts on buyers if demand is more inelastic, more tax burden shifts on sellers if supply is more inelastic.
- Deadweight loss is the effect of tax re allocation, benefitting neither of consumer surplus, producer surplus, government revenue. It is less when demand &, or supply are more inelastic
