1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Williams Inc. produces fluorescent lightbulbs for commercial use. The accounting manager is attempting to estimate the total cos
Nostrana [21]

Answer:

Variable cost per unit is $9 and the fixed cost is $29,500

Explanation:

The computation of the variable and fixed components are shown below:

For variable cost per unit, it equals to

= (High cost - low  cost) ÷ (High associated cost drivers - low associated cost drivers)

= ($92,500 - $60,100) ÷ (7,000 - 3,400)

= $32,400 ÷ 3,600

= $9 per unit

Now the fixed component equal to

= (High cost) - (variable cost per unit × high associated cost drivers )

= $92,500- ($9 per unit × 7,000)

= $92,500- $63,000

= $29,500

5 0
3 years ago
Anna recently opened a savings account in a federally insured bank; she made three deposits in the amounts of $100,000, $65,000
Ghella [55]
$250,000  
Federal Deposit Insurance Corporation (FDIC) was created by the 1933 Banking Act during the Great Depression (June 16 1933). It's purpose was to restore trust in the banking system. Initially, the insured limit was $2,500, but over the years it has increased. The limits over time are: 1934 – $2,500; 1935 – $5,000; 1950 – $10,000; 1966 – $15,000; 1969 – $20,000; 1974 – $40,000; 1980 – $100,000; 2008 – $250,000 The increase from $100,000 to $250,000 was intended on being temporary, but as mentioned in the question, wasn't reduced and is therefore still the current limit. So Anna will be insured up to the $250,000 limit.
4 0
3 years ago
Importance of studying business​
adelina 88 [10]

Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.

Business also involves people — customers and employees — so communication and interpersonal skills are vitally important as well.

5 0
3 years ago
Read 2 more answers
B MC Qu. 7-200 Krepps Corporation produces ... Krepps Corporation produces a single product. Last year, Krepps manufactured 29,0
Gwar [14]

Answer:

a) $158.41

Explanation:

Unit product cost under absorption costing = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead / Total manufactured units

= (214,674 + 121,842 + 243,684 + 319,110) /29,010

= $899,310 / 29,010 unit

= $31 per unit

Ending inventory = $29,010 - $23,900 / $31

= $5110 * 31 per unit  

= $158,410

8 0
3 years ago
The process of assimilating mass-media advertisements with other promotional elements such as direct marketing, public relations
VMariaS [17]

Answer: Integrated Marketing communication.

Explanation:

Integrated marketing communication is a form of marketing strategy, where a business brand sends out several interconnected adverts and promotions, which all function to highlight the need for a consumer to purchase a certain product/service.

4 0
3 years ago
Other questions:
  • Which of the following helped fuel economic growth by encouraging people to buy American goods?
    6·1 answer
  • A value chain is a set of: a. similarly profitable firms competing against each other in any given industry. b. large firms that
    5·1 answer
  • Lake City Plastics currently produces plastic plates and silverware. The company is considering expanding its product offerings
    15·1 answer
  • Cass Corporation reported pretax book income of $10,600,000. During the current year, the reserve for bad debts increased by $17
    14·1 answer
  • Brief Exercise 4-1 Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of t
    6·1 answer
  • As the price of a slice of pizza increases, what most likely happens to the quantity demanded?
    11·2 answers
  • The real interest rate is Group of answer choices the percentage increase in money that the lender receives on a loan. the perce
    15·1 answer
  • On May 1, a two-year insurance policy was purchased for $12,000 with coverage to begin immediately. What is the amount of insura
    10·1 answer
  • A. trade-off<br>B. investment<br>C. frontier<br>D. growth ​
    13·1 answer
  • Which response core capability involves ensuring the capacity for timely communications in support?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!