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How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
Wiki User
∙ 11y ago
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
Wiki User
∙ 11y ago
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Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
How does a tax on a good affect the price paid by buyers the price received by sellers and the quantity sold?
Quantitiy is not a factor, as the buyer will pass along the increased cost due to the tax.
When buyers and sellers interact in a market what is the result?
agreement on the price and quantity traded
What is the effect of the interaction of buyers and sellers on a market?
agreement on the price and quantity traded
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
How does a tax on a good affect the price paid by buyers the price received by sellers and the quantity sold?
Quantitiy is not a factor, as the buyer will pass along the increased cost due to the tax.
What is the effect of the interaction of buyers and sellers on the market?
agreement on the price and quantity traded
When buyers and sellers interact in a market what is the result?
agreement on the price and quantity traded
What is the effect of the interaction of buyers and sellers on a market?
agreement on the price and quantity traded
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
Describe the forces that move a market toward its equilibrium?
The actions of the buyers and sellers move a market towards its equilibrium.
What were the Economic benefits of the triangle trade?
The shippers, buyers, and sellers all made money on the goods and slaves they sold and received.
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
What are the requirements for competition?
Perfect knowledge of market - buyers' and sellers' sides Many buyers and sellers Sellers are passive price takers Free entry and exit for the industry Homogenous product
