Business, 12.11.2019 06:31 lunbrooks

Suppose that at the dvd market price of $15, the price elasticity of dvd demand is 2.5 and the price elasticity of dvd supply is 0.8 (i. e., ed = 2.5 and es = 0.8 at pmkt = $15). if the government imposes a $4 per dvd excise tax on the production of dvds, then the consumers price will and the producers price will hint: illustrate the tax in a demand and supply graph.

a. increase by less than $2, decrease by more than $2 but less than $4.
b. decrease by less than $2, decrease by more than $2 but less than $4.
c. increase by more than $2 but less than $4, decrease by less than $2.
d. decrease by more than $2 but less than $4, increase by less than $2.
e. increase by more than $4, decrease by more than $4.
f. increase by less $2, decrease by less than $2.
g. not change, decrease by exactly $4.
h. increase by exactly $4, not change.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:50

The maximum amount of money that a consumer can charge on a credit card is called the

Answers: 2

Answer

Business, 22.06.2019 02:40

The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need to be stated in u.s. dollars. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. then, again for each account, provide the exchange rate that would be necessary if a remeasurement is being made using the temporal method. the company was started in 2000. the buildings were acquired in 2002 and the patents in 2003. (round your answers to 2 decimal places.) exchange rates for 1 peso are as follows: 2000 1 peso = $ 0.28 2002 1 = 0.26 2003 1 = 0.25 january 1, 2015 1 = 0.24 april 1, 2015 1 = 0.23 july 1, 2015 1 = 0.22 october 1, 2015 1 = 0.20 december 31, 2015 1 = 0.16 average for 2015 1 = 0.19

Answers: 3

Answer

Business, 22.06.2019 12:50

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

Answers: 1

Answer

Business, 22.06.2019 17:00

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."

Answers: 2

Answer

You know the right answer?

Suppose that at the dvd market price of $15, the price elasticity of dvd demand is 2.5 and the price...

Questions