Business, 17.12.2021 05:30 johnLavender8262
Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, then the a. buyers and sellers are likely to share the burden of the tax equally. b. buyers and sellers will not share the burden equally, but it is impossible to determine who will bear the greater burden of the tax without more information.
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On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
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Suppose that in a particular market, the supply curve is highly elastic and the demand curve is high...
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