The graph shown demonstrates a tax on sellers

Assignment Help Business Economics

Reference no: EM13734570

The graph shown demonstrates a tax on sellers. Which of the following can be said about the effect of this tax?

a. The price paid by buyers is greater than that received by sellers, and the difference is the tax wedge.

b. The price paid by buyers is less than that received by sellers, and the difference is the total tax revenue.

c. The price paid by buyers is greater than that received by sellers, and the difference is the total tax revenue.

d. The price paid by buyers and received by sellers is higher than it was before the tax was imposed.

Reference no: EM13734570

Questions Cloud

What are the quality management techniques that portakabin : What are the quality management techniques that Portakabin use. Demonstrate how Portakabin apply them. Explain how Portakabin deals with production quality problems? And analyze how does this contribute with company overall quality

Describe how opening up to trade affects all three factors : Consider two countries (Home and Foreign) that produce goods 1 (with labor and capital) and 2 (with labor and land) according to the production functions described in problems 2 and 3. Initially, both countries have the same supply of labor (100 unit..

What are the equations for the total revenue : Given the above information, what are the equations for the total revenue (TR) curve and the marginal revenue curve? Draw a graph for each one. TR=PQ. Note on Blackboard: the marginal revenue curve has the same intercept and double the slope of the d..

How was ivan denisovich able to resist dehumanizing aspects : how was Ivan Denisovich able to resist the dehumanizing aspects of camp routine?

The graph shown demonstrates a tax on sellers : The graph shown demonstrates a tax on sellers. Which of the following can be said about the effect of this tax?

Develop the ideal promotional campaign : Direction: Develop the ideal promotional campaign to connect with your target customers

Explain why your example is not a fundamental cause of growt : Explain why your example is not a fundamental cause of growth. 6.Give an example of a fundamental cause of growth, and explain why your example is not a proximate cause of growth. 7. Let's say there are two regions. In one region, cattle can be raise..

Basis of many multinational firms competitive advantage : A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specific period, and in return, the licensor receives a royalty fee from the licensee. Remember that technologi..

Establishing and communicating organizational culture : Who is responsible for establishing and communicating organizational culture. How does organizational culture relate to organizational performance.

User Account

All Pages