If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.
Given that new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup.
We are required to find the effect of 50% tax on soft-drink beverages that contain sugar or high-fructose corn syrup.
When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.
Suppose the initial price of 1 soft drink is $100.
Now tax is applied so tax would be 100*50%=50
Price after tax=100+50
=$150
Now consumers have to pay $150 for 1 drink in place of $100.
Hence if new york city imposed a 50 percent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.
Learn more about tax at brainly.com/question/25783927
#SPJ4
For the statement "The payoff matrix represents hypothetical profits that could be earned by two milk..." and the Milky Mose table Both will cheat Option C. This is further explained below.
<h3>What is a
payoff matrix?</h3>
Generally, payoff matrix is simply defined as when one player's tactics and those of the other are represented in a table called a payoff matrix, they are listed in rows.
In conclusion, In order to get an edge, both parties will engage in dishonesty. As a result, both parties will be tempted to cheat in order to gain an unfair advantage.
The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions below. Does either member have an incentive to cheat? Heifer's Gold will cheat, but Milky Moo will not. No, neither has an incentive to cheat, Yes, both will cheat. Milky Moo's will cheat, but Heifer's Gold will not
Read more about payoff matrix
brainly.com/question/7656949
#SPJ1
Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".
<h3>What is
procedural unconscionability?</h3>
Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable
Examples of Procedural Unconscionability is-
- influencing an underprivileged party who would not have otherwise signed the contract to do so.
- minimising important clauses in contracts for the sake of the underdog.
- If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.
Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.
To know more about elements required in contract-making, here
brainly.com/question/8116487
#SPJ4
Answer:
labor force participation rate = 68%
employment to adult civilian population ratio = 64%
Explanation:
total number of employed people = 160 million
total number of unemployed people = 10 million
total adult population = 250 million
total labor force = 170 million
labor force participation rate = total labor force / total adult population = 170 million / 250 million = 68%
employment to adult civilian population ratio = total number of employed people / total adult population = 160 million / 250 million = 64%