1 answer

Incorrect Question 5 0/1 pts Buyers of a product will pay the majority of a tax...

Question:

Incorrect Question 5 0/1 pts Buyers of a product will pay the majority of a tax placed on a product when supply is more elast
Incorrect Question 5 0/1 pts Buyers of a product will pay the majority of a tax placed on a product when supply is more elastic than demand, the demand in more elastic than supply. the tax is placed on the seller of the product the tax is placed on the buyer of the product

Answers

5.Ans: supply is more elastic than demand.

Explanation:

When demand is inelastic and supply is elastic then the burden of tax is more on buyers than the sellers. But when demand is elastic and supply is inelastic then the burden of tax is more on sellers than the buyers.So we can conclude that buyers of a product will pay the  majority of a tax placed on a product when supply is more elastic than demand.

.

Similar Solved Questions

1 answer
Alexis Enterprises, an importer and exporter of precious metals and jewelry from around the world, sells...
Alexis Enterprises, an importer and exporter of precious metals and jewelry from around the world, sells its objets d'art to stores in six northeastern states and generates annual sales of $9,000,000. In response to increasing concerns regarding the firm's slow collections and elevated bad-d...
1 answer
A recent college graduate has been saving money for the past 5 years to buy his...
A recent college graduate has been saving money for the past 5 years to buy his dream car. He has deposited $4,200 at the end of each year and is making the last deposit today, that is, he will have made a total of 5 deposits. How much money will he have saved for his dream car assuming he earned an...
1 answer
Given #-\frac { 3} { 2} ,3,- 6,12#, what is the sum of the first 13 terms in this series?
Given #-\frac { 3} { 2} ,3,- 6,12#, what is the sum of the first 13 terms in this series?...
1 answer
An 6.5m span simply supported beam is laterally unsupported between both ends . The beam bent...
An 6.5m span simply supported beam is laterally unsupported between both ends . The beam bent about its majo r axis and is subject to a transverse distributed factored load of 10 kN/m (including a self weight allowance). It is required to find an economic section to carry the given loads. (Fy=350MPa...
1 answer
A -10.0 nC point charge and a +20.0 nC point charge are 15.0 cm apart on...
A -10.0 nC point charge and a +20.0 nC point charge are 15.0 cm apart on the x-axis. A -10.0 nC point and a +20. 0 nC point charge are 15.0 cm apart on the x-axis. What is the electric potential at the point on the x-axis where the electric field is zero? Express your answer with the appropriate un...
1 answer
1. Zero economic profit means that The firm breaks down The firm makes just normal profits...
1. Zero economic profit means that The firm breaks down The firm makes just normal profits The firm must close down The firm must raise the price of the commodity All of the above 2. Normal Profit is: The opportunity cost of capital committed in a certain line...
1 answer
The physician aspirated fluid from the peritoneum through the vaginal wall- CPT code
the physician aspirated fluid from the peritoneum through the vaginal wall- CPT code...
1 answer
Documentation Exercise Scenario: Question 56 refers to this scenario. Your shift supervisor assigns you to Kay...
Documentation Exercise Scenario: Question 56 refers to this scenario. Your shift supervisor assigns you to Kay Hudson, a.47-year-old female patient who was admitted this morning for abdominal pain and intermittent nausea of 2 days duration. She was dehy- drated and the physician ordered an IV of 1/2...
1 answer
21. What are the 8 diatomic elements? What does it mean to be diatomic? Answer the...
21. What are the 8 diatomic elements? What does it mean to be diatomic? Answer the following questions about groups and periods in the periodic table 22. What element is in group 4 period 5? 23. How many elements are in period 4? 24. How many elements are in period 6? 25. How many metals are in grou...
1 answer
1. The following circuit shows a discrete common source MOSFET amplifier. The MOSFTE is n-channel MOSFET...
1. The following circuit shows a discrete common source MOSFET amplifier. The MOSFTE is n-channel MOSFET and early voltage (Va) is c. The transconductance of the amplifier (ga) is 3 mA/V The frequency responses of the amplifier are as follows i) The three low break frequencies f 3Hz (caused by C).fi...
1 answer
The skeletal model is typically used in organic chemistry. what are the advantages and disadvantages of...
The skeletal model is typically used in organic chemistry. what are the advantages and disadvantages of using this model?...
1 answer
Emergency 911 calls to a small municipality in Idaho come in at a rate of 6.9...
Emergency 911 calls to a small municipality in Idaho come in at a rate of 6.9 calls every hour. Assume that the number of 911 calls is a random variable that can be described by a Poisson distribution. What is the probability of four 911 calls in the next hour? Round your answer three decimal places...
1 answer
Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance...
Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements. -what are notes receivable? -what are long term liabilities? -what is the difference between permanent and temporary accounts?...
1 answer
C) Staff preferences for specifis clients D) Developmental needs of clients 14. During the first day assigned to a...
C) Staff preferences for specifis clients D) Developmental needs of clients 14. During the first day assigned to a medical surgical unit a newly CNA is unable to obtain a urine specimen by catheterization. What should the supervising RN do next? A) Confront the CNA about not being honest concerning ...
1 answer
X steals y's television: x has commited both a crime and a tort. true or false
x steals y's television: x has commited both a crime and a tort. true or false...
1 answer
As a technician in a large pharmaceutical research firm, you need to produce 150.mL of 1.00...
As a technician in a large pharmaceutical research firm, you need to produce 150.mL of 1.00 M potassium dihydrogen phosphate buffer solution of pH = 6.79. The pKa of H2PO4? is 7.21. You have the following supplies: 2.00 L of 1.00 M KH2PO4 stock solution, 1.50 L of 1.00 M K2HPO4 stock solution, and a...
1 answer
Calculating balance sheet amounts based on the following data compute total assests, total...
Calulating balance sheet amounts based on the following data compute the total assests, total liabilities, and networth Liquid assets= $4,670 Household assets=$93,780Investment assets= $14,350 Long-term liabilities=$76,230Current liabilities=$2,670...