Tax when price elasticity of demand-supply raise

When the ratio of the price elasticity of demand of a taxed good associate to its price elasticity of supply increases, tax is: (w) revenue will fall when tax rates are raised. (x) hikes will cause buyer's total outlays to increase. (y) revenue will fall when tax rates are decreased. (z) burdens will be increasingly borne by sellers in place of buyers.

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Managerial Economics

Q : Linear supply curves and elasticity

Along two supply curves which are straight lines by the origin, the price elasticity of supply as: (w) is below 1 for all prices and quantities upon both curves. (x) is less for a given quantity beside the steeper curve. (y) equals on

Q : Elasticity of the Supply of Labor of

This supply of labor worker is roughly unitarily wage elastic as the wage rate increases from: (1) $5 per hour to $10 per hour. (2) $5 per hour to $25 per hour. (3) $10 per hour to $25 per hour. (4) $10 per hour to $40 per hour. (5) $25.01 per hour to

Q : States the term Demand Analysis States

States the term Demand Analysis?

Q : Functions and Responsibilities of

What are the Functions and Responsibilities of managerial economist?

Q : Functions and responsibilities of

States the functions and responsibilities of managerial economist?

Q : Want exact answer answer written below

answer written below is correct for the question detail exception of demand curve ?

Q : Derived Demand for Labor All else

All else identical, a competitive firm will demand more labor when: (w) technological advances lead to automation. (x) the price of the firm’s output rises. (y) more firms enter the industry. (z) competing firms offer their workers more training

Q : Gains from Exchange Can someone help me

Can someone help me in finding out the right answer from the given options. Persons or nations that can outperform their competitors in all tasks enjoy: (1) Absolute benefits in all outputs. (2) Relative benefits in all outputs. (3) Comparative benefits in all outputs

Q : Hiring more labor in profit maximization

When a firm hires an additional worker who adds $100 worth of output daily, and adds $50 daily to the firm’s costs, in that case the firm must: (w) hire more labor. (x) hire less labor. (y) not change its employment of labor. (z) sell off some o

Q : Occupational Crowding in Wage

Disadvantaged groups have historically been pressured toward low wage jobs in a procedure termed as: (1) occupational crowding. (2) labor staggering. (3) systemic discrimination. (4) reverse favoritism. (5) nepotism.

Discover Q & A

Leading Solution Library

Avail More Than 1417678 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938358
Asked

3,689

Active Tutors

1417678

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment