subject
Business, 12.03.2020 06:12 ayoismeisjjjjuan

5. Calculating tax incidence Suppose that the U. S. government decides to charge wine producers a tax. Before the tax, 30 million bottles of wine were sold every month at a price of $4 per bottle. After the tax, 25 million bottles of wine are sold every month; consumers pay $6 per bottle, and producers receive $3 per bottle (after paying the tax). The amount of the tax on a bottle of wine isper bottle. Of this amount, the burden that falls on consumers isper bottle, and the burden that falls on producers isper bottle. True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on consumers. True False

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:00
During 2017, sheridan company expected job no. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. sheridan applied overhead based on direct labor cost. actual production required an overhead cost of $260000, $510000 in materials used, and $150000 in labor. all of the goods were completed. what amount was transferred to finished goods?
Answers: 1
question
Business, 22.06.2019 03:00
How could brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company? a: drive safely to avoid accidents and traffic citations b: wash and wax his car regularly to keep it clean c: allow unlicensed drivers to drive carelessly in his car d: incur driver's license points from breaking driving laws
Answers: 1
question
Business, 22.06.2019 04:00
Match the type of agreements to their descriptions. will trust living will prenuptial agreement
Answers: 2
question
Business, 22.06.2019 04:40
How long have u been on dis website
Answers: 2
You know the right answer?
5. Calculating tax incidence Suppose that the U. S. government decides to charge wine producers a ta...
Questions
question
Biology, 23.02.2021 20:50
question
Mathematics, 23.02.2021 20:50
question
Mathematics, 23.02.2021 20:50
question
Mathematics, 23.02.2021 20:50
question
History, 23.02.2021 20:50
Questions on the website: 13722363