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2 years ago

The demand for gasoline is inelastic and the supply of gasoline in the winter is elastic. Therefore,

Business

1 answer:

MakcuM [25]2 years ago

3 0

Answer:

B. buyers bear most of the incidence of the tax.

Explanation:

If demand is inelastic, quantity demanded is insensitive to changes in price.

If supply is elastic, a small change in price has a great effect on quantity supplied. Quantity supplied is sensitive to changes in price.

If a tax is imposed on gasoline, the incidence (who pays for the tax) can be beqred by the consumers because they have an inelastic demand. If the price of gasoline rises , the quantity demanded doesn't change.

If the tax incidence was borne by the suppliers, the quantity supplied would drop.

I hope my answer helps you.

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What are the relationship between management and motivation

Lina20 [59]

Hello there,

The difference between $\boxed{management}$ and $\boxed{motivation}$ is that the word management means to manage something carefully and good. And the word motivation is to motivate someone to do something weather good or bad.

~Jurgen

4 0

2 years ago

Will shoprite manager makes informed decision

SVETLANKA909090 [29]

Answer:

Yes

Explanation:

Because of he really wants to sees his company growing up to another level

7 0

7 months ago

15. A bottle‐filling operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The des

Sever21 [200]

Answer:

A. The two sided specification process capability index is 1.47

Explanation:

The formula for calculating process capability index is :

( Upper specification Limit - Average of mean ) / 3 * Standard Deviation

CI = ( 22 - 19.8 ) / 3 * 0.5

CI = 1.47 approximately.

4 0

2 years ago

Suppose you are visiting an island with knights who always tell the truth, knaves who always lie, and jokers who can do either

tigry1 [53]

FOR EXAMPLE You meet three islanders named Ellis, Farin, and Gobi. They all know what each other is (a knight, knave or joker) and make the following statements:If exactly one of them is a joker then One of them is a knight
Since exactly one of them is a joker, and they all accuse different people of being jokers, then the joker is lying. If the joker were telling the truth, then they would claim that they themselves are the joker, which none of these three are doing.
Given this, one of them is telling the truth. For instance, suppose that Ellis is the Joker, then Gobi is telling the truth. Or you can suppose that Farin is the joker, in which case Ellis is telling the truth. Same thing with Gobi.
This person telling the truth can't be a joker since all the statements accuse other people of being jokers and, again, a joker telling the truth this once would say that they, themselves, are the joker. So the truth-teller must be a knight.
So one person is a joker, and at least one is a knight. The third person can't be a knight (they must be a knave), because the knight and the third person are saying that different people are jokers, which is impossible with only one joker. For instance, if Ellis is the joker, then Gobi is telling the truth (and is a knight), and Farin is lying (and is a knave.
So, since there is only one truth-teller there must be only one knight

5 0

3 years ago

What must be the price of a $5,000 bond with a 6.6% coupon rate, semiannual coupons, and two years to maturity if it has a yi

Kay [80]

Answer:

Bond Price = $4698.59

Explanation:

The price of a bond is equal to the present value of the interest payments, which are in form of an annuity, made by the bond plus the present value of the face value of the bond.

The formula to calculate the price of the bond is attached.

The semi annual coupon rate = 6.6% / 2 = 3.3%

Total period = 2 * 2 = 4

Semi annual YTM = 10% / 2 = 5%

Semi annual coupon payment = 5000 * 0.033 = 165

Bond Price = 165 * [( 1 - (1 + 0.05)^-4) / 0.05] + 5000 / (1+0.05)^4

Bond Price = $4698.59

3 0

2 years ago