Answer:
The correct answer is option C.
Explanation:
Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.
So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.
If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.
Answer:
concept maps work because they <u>visually demonstrate relationships</u>
Answer:
A License
Explanation:
Riley obtains permission from Saga Company to use the firm's game app on Riley's smartphone, tablet, and other mobile device. But Riley does not obtain ownership rights in the app. This is a license. When any organization gives its rights to another firm under this type of contract, the ownership rights always remain with the parent company and licensee can't have ownership rights in any way, they can use only the name and products of that parent company to the customers, but ownership held with the parent company. For example, when Burger King and Pizza Hut gives the right to make and sell their products all over the world, the ownership rights are always reserved with the Burger King and Pizza Hut.
Answer:
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