Business, 13.11.2019 03:31 goat46

If demand in a perfectly competitive market is perfectly inelastic and supply is upward sloping, a specific tax placed on suppliers will

a. be paid entirely by consumers, and there will be a deadweight loss.

b. be paid entirely by suppliers, and there will be a deadweight loss.

c. be paid entirely by consumers, and there will be no deadweight loss.

d. be paid entirely by suppliers, and there will be no deadweight loss.

e. be paid partly by suppliers and partly by consumers, and there will be a deadweight loss.

the correct answer is c. so why there will be no dwl?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:10

Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?

Answers: 1

Answer

Business, 22.06.2019 07:00

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Answers: 1

Answer

Business, 22.06.2019 10:20

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Answers: 1

Answer

Business, 22.06.2019 12:00

Identify at least 3 body language messages that project a positive attitude

Answers: 2

Answer

You know the right answer?

If demand in a perfectly competitive market is perfectly inelastic and supply is upward sloping, a s...

Questions