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Zarrin [17]
3 years ago
5

An excise tax of $2 is placed on a jar of Honey. Honey producers end up bearing only $0.40 of the tax. The demand curve for hone

y is:a. elasticb. unitary elasticc. inelasticd. income elastic
Business
1 answer:
saw5 [17]3 years ago
3 0

Answer:

The correct answer is option c.

Explanation:

If the demand for a product is elastic the tax burden will be borne by the producer. This is because elastic demand means that an increase in the price will lead to a more than proportionate reduction in the quantity demanded. So with the imposition of a tax, the sellers will not increase the price as it is likely to reduce demand.

If the demand is inelastic, it means that an increase in price will lead to less than a proportionate decrease in the demand. In this situation, after the imposition of tax, the tax burden can be shared between producer and buyer.

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5 0
2 years ago
HELP ASAP PLZ!!!! Who would be most negatively affected if lower price limits were not in place? Explain your answer
trasher [3.6K]
The minimum wage payed employees would be the most negatively affected because if lower price limits weren’t there, the prices would drop drastically to win the customer’s purchase over other markets or businesses. The big bosses would be then forced to cut money out of their employees salary because of the low revenue in money.



I think that’s a great answer someone correct me if I’m wrong!
5 0
3 years ago
Jedida is the new manager for a team in an advertising agency. Her team has worked together effectively for the last 10 years, a
CaHeK987 [17]

Answer:

Explanation:

Task oriented, effective, group cohesiveness, neutrolize.

Why these options were chosen?

We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.

In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.

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3 0
3 years ago
I WILL MARK THE BRAINLIEST
Nikitich [7]

Answer: B

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6 0
3 years ago
Consider the market for portable air conditioners in equilibrium. A summer of unseasonably cool weather would cause:
RSB [31]
C.

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4 0
3 years ago
Read 2 more answers
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