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Likurg_2 [28]
3 years ago
13

When considering sales tax, more elastic demand results in _____

Business
1 answer:
AnnZ [28]3 years ago
4 0

Answer:

a. more deadweight loss and less revenue

Explanation:

Sales tax increases the price of a good or service.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

If a sales tax is imposed on a good or service, the price of the good would increase and become more expensive. This would lead to a fall in quantity demanded and an increase in deadweight loss and a loss of revenue.

I hope my answer helps you

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Derived demand is demand: Group of answer choices
Aleks [24]

Answer:

C) linked to the production and sale of some other item.

Explanation:

• Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service.

• Derived demand is solely related to the demand placed on a good or service for its ability to acquire or produce another good or service.

• The principles behind derived demand work in both directions; if the demand for a good decrease, the demand for the goods required to produce the item will also decrease.

5 0
3 years ago
The present value interest factor for an annuity with an interest rate of 8 percent per year over 20 years is ____.
lianna [129]

The present value factor of an annuity that will mature in 20 years at an interest rate of 8% is <u>9.8181474.</u>

<h3>What is the present value interest factor?</h3>

It can be found by using the present value of an annuity formula of:

= Amount x ( 1 - ( 1 + rate) ^ - number of periods) / Rate

As there is no amount, solving gives:

= ( 1 - ( 1 + 8%) ⁻²⁰) / 8%

= 9.8181474

In conclusion, it is 9.8181474.

Find out more on present value of annuity at brainly.com/question/25792915.

8 0
2 years ago
Over the past 10 years, Lincoln's profit-sharing payments have been substantial. Maria's annual salary was $40,000 last year, an
Brilliant_brown [7]

Answer:

If she earned $10,000 over the past 10 years, then the profit-sharing award represents 2.5% of her annual salary

But if she earned $10,000 only in one year, then the profit-sharing award represents the 25% of her annual salary

Explanation:

If she earned $10,000 over the past 10 years, and we suppose that all payments are equal, then each year she received $1000.

What percentage of her annual salary ($40,000) $1000 represents?

$1000/$40,000=0,025*100= 2.5%

But if she earned $10,000 in one year, then:

$10,000/$40,000= 0,25*100=25%

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Anuta_ua [19.1K]

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3 years ago
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