suppose the government has decriminalized consuming, producing, and selling drugs. the resulting equilibrium price is p and equilibrium quantity is q. the government has now decided to tax the sale of drugs. if the supply curve of drugs is unit elastic, then the effect of the tax will likely be:group of answer choicesto decrease the per-unit price received by sellers by more than it increases the per-unit price paid by buyers.that the burden of the tax is higher for buyers than sellers.that no tax revenues are generated.none of the above.

Answers

Answer 1

Answer:

If the government decides to tax the sale of drugs, the effect of the tax will likely be that tax revenues are generated. The unit elastic supply curve means that the percentage change in quantity supplied is equal to the percentage change in price.

Therefore, the per-unit price received by sellers will increase by the same percentage as the per-unit price paid by buyers. However, since the demand for drugs is inelastic, meaning that the quantity demanded does not change much in response to changes in price, the burden of the tax is likely to be higher for buyers than for sellers.
As for the amount of tax revenue generated, it will depend on the elasticity of demand and supply. If the demand is highly inelastic, then the tax revenue generated will be significant as buyers will be willing to pay a higher price despite the tax. On the other hand, if the demand is elastic, meaning that the quantity demanded is very sensitive to changes in price, then the tax revenue generated will be minimal as buyers will seek alternatives to drugs.
In conclusion, the unit elastic supply curve means that the tax will result in both the per-unit price received by sellers and the per-unit price paid by buyers increasing by the same percentage. However, due to the inelastic demand for drugs, the burden of the tax is likely to be higher for buyers than for sellers. Finally, the amount of tax revenue generated will depend on the elasticity of demand and supply.

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Which would you trade on a stock exchange?
A) shares
B) bonds
C) annuities

Answers

Option A) shares

Shares of stcok. For example the NYSE (New York Stock Exchange) is the world's largest stock exchange.

I believe it is A) Shares. :)

Conversion of a continuous stream of sound into a series of ones and zeroes that can be interpreted by computers results intransduced audio.
digital audio.
lossless audio.
analog audio.

Answers

Answer: B) Digital Audio

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Answer:

Explanation:

Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities? A. $600 million
B. $110 million
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Answers

Answer:

A.$600 million

Explanation:

Deposits are always banks liabilities as the bank is custodian of funds on behalf of its clients.

Answer:

Explanation:

Bank Deposit (Liability )= $600m

Reserve (Asset) = $30m

Government bond (Asset)=$80m

Bank Loan (Asset) = $400m

Total Asset = $(30+80+400)=$510m

Total liabilities = $m(600-510) = $90m

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B. it's sometimes necessary to change our goals.
C. it can cause property damage.
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Answers

The right answer for the question that is being asked and shown above is that: "D. we aim it at people or things that aren't the cause of our frustration." The most serious problem with aggression is that D. we aim it at people or things that aren't the cause of our frustration

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Answers

Answer:

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Answers

the correct answer for the blank would be option d) Product development

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