Ask Question
BusinessBusiness
27 June, 12:10

If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then the price paid by buyers will

A. decrease, and the price received by sellers will decrease.

B. decrease, and the price received by sellers will not change.

C. not change, and the price received by sellers will not change.

D. not change, and the price received by sellers will decrease.

+4
Answers (1)
  1. 27 June, 14:27
    0
    C. not change, and the price received by sellers will not change.

    Explanation:

    Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.

    The effect of chaging the law will not alter the economic reality of translate taxes into consumers
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then the price ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In preparing a statement of cash flows under the indirect method, a decrease in accounts receivable would be reported or included as a (n) : Addition to net income in the operating activities section.
Answers (1)
is the element in the promotional mix that evaluates people's attitudes, identifies issues that may elicit their concern, and executes programs to gain their understanding and acceptance. Personal selling Advertising Sales promotion Public relations
Answers (1)
Which idea would be most effective for creating a "happy morning"? Pull clothes out of the dryer to wear 10 minutes before your ride arrives Have a designated area for items each family needs to take with them Make sure Mom gets everyone up while
Answers (2)
Suppose that the U. S. government determines that cigarette smoking creates social costs not reflected in the current market price and equilibrium quantity of cigarettes.
Answers (1)
Our last four periods had sales, from oldest to most recent, of 100, 200, 130, and 300. what is the three-period ma
Answers (1)
New Questions in Business
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork
Answers (1)
Suppose the number of people employed (E) is currently 100 and the number unemployed (U) is 10 and the labor force is fixed at 110. The monthly separation rate (s) is 0.01 and the finding rate (f) is 0.18.
Answers (1)
If a series of events results in a decrease in investments in the US businesses, what is the result on the US economy? A. Contraction B. Expansion C. Peak D. Trough
Answers (1)
Information is stored in what type of object in a database? A. Report B. Query C. Form D. Table
Answers (1)
Taryn, who was sexually assaulted in a parking lot, experiences frequent nightmares and has withdrawn from her family and friends. Since the attack, she has difficulty sleeping and can no longer hold down a job.
Answers (1)
Home » Business » If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then the price paid by buyers will A. decrease, and the price received by sellers will decrease. B.
Sign Up Forgot Password?