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Bezzdna [24]
3 years ago
11

If the government levies a $1,000 tax per boat on sellers of boats, then the price paid by buyers of boats would a. increase by

less than $1,000. b. decrease by an indeterminate amount. c. increase by more than $1,000. d. increase by exactly $1,000.
Business
1 answer:
inn [45]3 years ago
8 0

Answer: increase by less than $1000.

Explanation:

It should be noted that when the government levies a $1,000 tax per boat on sellers of boats, then this will lead to the supply curve shifting upward by $1000.

Due to the tax imposed, there'll be an increase in the price that a buyer will pay for the boat. In this case, the buyer and the seller will share the burden of the tax. Hence, there'll be na increase in the price for the boat by less than $1000.

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3 years ago
A customer has total assets of $436,000 and total liabilities of $314,000. The customer has just signed a contract to buy a new
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$122,000

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3 years ago
An apparel manufacturing plant has estimated the variable cost to be $21 per unit. Fixed costs are $1M per year. Forty percent o
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anyanavicka [17]

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Explanation:

a) % utilization= utilization/design capacity × 100

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