Answer:
The answer is (A)
<em>WAS</em><em> </em><em>THIS</em><em> </em><em>ANSWER</em><em> </em><em>HELPFUL</em><em>?</em><em> </em>
<em>MARK</em><em> </em><em>ME</em><em> </em><em>AS</em><em> </em><em>A</em><em> </em><em>BRAINLIEST</em>
Answer: <em><u>16.5% is the average tax rate that will result in a 10 percent increase in tax revenues.</u></em>
Explanation:
This is an example of static forecasting since no time parameter is involved.
Now,
Let initial revenue be "R" ,
"n" be no. of taxpayer
∴ R= 65000×0.15×n
R +0.1R= 65000×rate×n
Using the above two equation, we'll get ;
<u><em>r = 16.5%</em></u>
Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
I hope my answer helps you
Answer: The free enterprise economy seeks to maintain economic freedom. As mentioned earlier, the goal is for businesses to be able to make their own decisions with little government interference. Efficiency - The goal of efficiency is to make the best use of the resources that are available.
Answer:
c
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