Answer:
Liquor consumers
Explanation:
Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.
Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.
The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.
If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.
If taxes are imposed on suppliers, the quantity supplied would fall more.
Therefore , the burden of tax can be passed on more to consumers.
I hope my answer helps you.
There are interests rates in goods sold. If one believes interests rates will move lower in the months ahead, he or she should invest in long-term, fixed-rate savings investments is a false statement.
<h3>Does a higher rate of money supply lower interest rates?</h3>
Note that larger money supply often lowers market interest rates, thereby making it much lower expensive for consumers to borrow.
Investment one should choose today if you believe interest rates will go up is Short-term savings instruments. This is because by investing money in short-term savings instruments, one's money can be available to invest in any kind of higher interest instrument in the future.
Learn more about interests rates from
brainly.com/question/25793394
Answer:
The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"
Its the study of formal validity without a focus on everyday usages of critical thinking
Answer:
d $250,000; subtracted from
Explanation:
Sales of U.S. Treasury bills to the banking system by the Fed is a contractionary monetary policy that will reduce the money supply.
Based on the money supply multiplier, the amount of the reduction in money can be calculated as follows:
Amount of reduction in money supply = $25,000 / 10% = $250,000.
Therefore, if the banking system does NOT want to hold any excess reserves, <u>250,000</u> will be <u>substracted from</u> the money supply.
