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FinnZ [79.3K]
3 years ago
7

Suppose the government imposes a tax on three products with differing demand elasticities. Match the product to the group that w

ill most likely bear the incidence of the tax.
a. the government
b. producers
c. consumers and producers
d. consumers

1. highly inelastic
2. somewhat elastic
3. highly elastic
Business
1 answer:
Stolb23 [73]3 years ago
8 0

Answer:

a. Government - highly  Inelastic

b. producers - Somewhat elastic

c. consumers and producers -   Highly elastic  

d. consumers - Highly elastic

Explanation:

Inelastic demand is that which does not changes with the change in the price of any product.

Government oriented demand remains constant irrespective of pricing and hence it is highly inelastic while in case of producers and consumers, the demand may vary depending on the substitute availability in the market

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Cloud computing is a software performs multiple business functions like processing payrolls, generating tax information for employees, and managing performance evaluation reports. The software is hosted on a remote maintained by the Gamma, and client businesses can access it online.

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4 years ago
When a case is appealed, the court of appeals decides the case solely based upon?
finlep [7]
<span>Question of law, also known as point of law. It is a question that must be answered by applying relevant legal principles to interpretation of the law. Answers to questions of law are normally expressed in broad legal principles and can be applied to many situations rather than particular circumstances or factual situations.</span>
3 0
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During March, the production department of a process operations system completed and transferred to finished goods 25,000 units
lesya692 [45]

Answer:

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Explanation:

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