B) If the price elasticity of demand is zero, then all of the tax burdens fall on the sellers (perfectly inelastic).
<h3><u>How does price elasticity work?</u></h3>
A measure of a product's consumption change in response to a price change is called price elasticity of demand. Price elasticity is a tool used by economists to analyze how changes in a product's price affect its supply and demand. Supply has an elasticity similar to demand, and it's called the price elasticity of supply.
The relationship between a change in supply and a change in price is referred to as price elasticity of supply. By dividing the percentage change in quantity supplied by the percentage change in price, it is determined. What products are produced at what prices depends on the interaction of the two elasticities.
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Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.
Answer:
The final value is $106,607.35.
Explanation:
Giving the following information:
n= 10 years
i= 16%
Annual deposit= $5,000
To calculate the final value we need to use the following version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*{(1.16^10)-1]}/0.16= $106,607.35
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you decide to build your own business, your network will help you achieve
success. Connection with people is the key in achieving your career and business
goals. It is essential that you build and nurture it even after you are hired. </span>
