Business, 07.03.2020 05:32 jetblackcap

A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a variety of different tolls and records information on how many drivers cross the bridge. The city thus gathers information about elasticity of demand. If the city wishes to raise as much revenue as possible from the tolls, where will the city decide to charge a toll: in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion?

Answers: 1

Show answers

Answers

Answer from: sistersaray

in the inelastic portion of the demand curve,

Explanation:

Demand is inelastic if a change in price has little or no effect on quantity demanded.

If the government increases price of toll when demand is inelastic, there would be little or no change in quantity demanded and as a result, total revenue would rise.

Demand is elastic when a change in price leads to a greater change in quantity demanded.

If the government increases price of toll when demand is elastic, the quantity demanded would fall and total revenue falls.

Demand is unit elastic when a change in price has an equal erfect on quantity demanded.

If the government increases price of toll when demand is unit elastic, quantity demanded would change in equal proportional to change in price and there would be no change in total revenue.

I hope my answer helps you

Answer from: Quest

the answer is i don't know

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Another question on Business

Business, 22.06.2019 17:00

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?

Answers: 3

Answer

Business, 22.06.2019 18:30

Which of these is an example of innovation?

Answers: 2

Answer

Business, 22.06.2019 20:10

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625

Answers: 3

Answer

Business, 22.06.2019 20:30

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:

Answers: 2

Answer

You know the right answer?

A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For...

Questions