About how much of the tax is paid by consumers in the form of higher prices? a)
Question:
About how much of the tax is paid by consumers in the form of higher prices?
a) 10 cents
b) 20 cents
c) 35 cents
d) 50 cents
e) 65 cents
Transcribed Image Text:
Price ($) 23 22 21 20 19 18 Figure 2 10 20 Quantity 30 40 S D S 50
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
ANSWER 1 3 35 cents 2 2 65 ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
About how much of the tax is paid by the sellers? a) 80 cents b) 65 cents c) 50 cents d) 35 cents e) 10 cents Price ($) 23 22 21 20 19 18 Figure 2 10 20 Quantity 30 40 S D S 50
-
The weekly supply and demand for fast-food cheeseburgers in your city is shown in Figure 6P-3. In an effort to curb a looming budget deficit, the mayor recently proposed a tax that would be levied on...
-
On August 29, 2005, Hurricane Katrina caused severe damage to oil installations in the Gulf of Mexico. Although this damage could eventually be repaired, it resulted in a substantial reduction in the...
-
Classify the following as microeconomics or macroeconomics and provide a justification for your choice. (i) The effect of changes in household saving rates on the growth rate of national income. (ii)...
-
The 2019, 2018, and 2017 income statements for Jolly Fun Inc. follow. Jolly Fun Inc. Consolidated Income Statement s Required: 1. Calculate how much each of the revenues and expenses changed from...
-
From the following information, construct a bank reconciliation for Boom Co. as of February 28, 201X. Then prepare journal entries if needed. Checkbook balance $1,493 Outstanding checks $738 Bank...
-
For the manufacture of di-tertiary-butyl peroxide in Example 9.7 synthesize an alternative process and show the flow rate and composition of each stream. Data From Example 9.7:- This example involves...
-
Jobs A, B, C, and D must be processed through the same machine center. Sequence the following jobs by (a) SPT (b) SLACK. Calculate mean flow time, mean tardiness, and maximum tardiness. Which...
-
K A country's savings S is defined implicitly in terms of its national income I by the equation where both S and I are in billions of dollars. Find the marginal propensity to consume when 1-22 and S...
-
As a result of the tax, the consumption of this good falls by about ______. a) 4 b) 5 c) 6 d) 7 e) 8 Price ($) 23 22 21 20 19 18 Figure 2 10 20 Quantity 30 40 S D S 50
-
How much is the tax? a) $ 0 .35 b) $ 0 .50 c) $ 0 .65 d) $1.00 e) $1.50 Price ($) 23 22 21 20 19 18 Figure 2 10 20 Quantity 30 40 52 D S 50
-
What are confounding variables, and what problems can they cause?
-
Leadership practices for human capital management, including ethical and legal responsibilities, and describe how these practices might apply to the HRM effectiveness improvement plan
-
in regards to disney world why should an organization be concerned about labor relations? Contrast the style of labor unions in the U.S. to that found in another country? Also, briefly discuss ways...
-
In what ways doyousee adult learningprinciplesandemotional literacy enacted inyourown learning experiences (consider both formal and informal experiences and settings)?
-
Suppose the recruitment director of AMCE Inc. who has a professional HR designation, was given box seats to a major sporting event by a potential hire. What has the recruitment director potentially...
-
Thoughts on Extreme outlier ?
-
Your next task is to consider how marketing research can help Sonic support its marketing strategy. Jane Melody also asks you how Sonic can measure results after the marketing plan is implemented....
-
A parking lot charges $3 for the first hour (or part of an hour) and $2 for each succeeding hour (or part), up to a daily maximum of $10. (a) Sketch a graph of the cost of parking at this lot as a...
-
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labor, 7 units...
-
Assume that a business firm finds that its profit is greatest when it produces $40 worth of product A. Suppose also that each of the three techniques shown in the table below will produce the desired...
-
What is meant by the term creative destruction? How does the emergence of MP3 (iPod) technology relate to this idea?
-
Your mother just received a $250,000 inheritance. If she invests her money in a diversified equity portfolio returning 8 percent per year, approximately how long will it take her to become a...
-
What strategies or habits can you change to help your cash flow? Can you think of strategies for cutting expenses that are realistic for you? Based upon your readings, how much should you be putting...
-
Use an example of a project you are familair with or are interested in. Identifiy the delliverables and organization units (people) responsible. How would you code your system? Give an example of the...
Study smarter with the SolutionInn App