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Is the sin tax burden on tobacco products shared equally between producers and consumers?
Wiki User
∙ 14y ago
Economics 101 - it is borne entirely by the consumer. Even if the state were to levy it upon the producer, the consumer will pay it in marked up prices. If the product is a dollar and the tax a dollar, the producer needs to collect for both...
Wiki User
∙ 14y ago
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Are Consumers are the only group influenced by the law of demand?
no consumers are not only the group influence by the law of demand but the producers and the other branches of the market are equally influenced by the law of demand because even producers consume raw materials for finished goods.....
Is it better to make an expensive product of very good quality or a cheap product of lower quality?
Some consumers prefer to pay less for a product even when they know that the quality is inferior. Some consumers prefer to pay more for a higher quality product. Large profits can be made selling the highly priced high quality products, but because the first group of consumers tends to be more numerous, equally high profits can be made selling the cheap products due to the higher sales volume. Both have their place in the market. On the other hand, for some people, maintaining the integrity of producing only products that they would be proud to put their name on is more important than making the highest possible profit.
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
State what the law of supply and demand shows and describe how it works?
If the demand for a commodity increases, but the supply does not increase equally, the price will decreaase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will increase. If the demand for a commodity decreases, but the supply does not decrease equally, the price will increase. If the supply of a commodity decreases, but the demand does not decrease equally, the price will decrease
Who receives the profit in a corporation?
split it equally
Is the tax burden of sin taxes on tobacco products shared equally between consumers and -producers?
no,buyers pay more
Are Consumers are the only group influenced by the law of demand?
no consumers are not only the group influence by the law of demand but the producers and the other branches of the market are equally influenced by the law of demand because even producers consume raw materials for finished goods.....
What do unions bargain for?
Unions bargain for information, products or services equally.
What does it mean keq 1?
products are favored over reactants in the reaction.
The main products of Maine?
The main products of Maine are blueberries, potatoes, maple syrup, and wood products.
Is it better to make an expensive product of very good quality or a cheap product of lower quality?
Some consumers prefer to pay less for a product even when they know that the quality is inferior. Some consumers prefer to pay more for a higher quality product. Large profits can be made selling the highly priced high quality products, but because the first group of consumers tends to be more numerous, equally high profits can be made selling the cheap products due to the higher sales volume. Both have their place in the market. On the other hand, for some people, maintaining the integrity of producing only products that they would be proud to put their name on is more important than making the highest possible profit.
How effective are green cleaning products?
It really depends on the product. There are green cleaning products that are equally or more effective than traditional cleaning supplies.
How do you divide equally 16 apples for 17 children?
how do you divide 16 apples equally between 17 children
Are non polar covalents created when the shared electrons between atoms are not equally shared?
are non covalent created when the shared electrons between atoms are not equally shared
What does it mean if Keq equals 1?
Products and reactions are equally favored in the reactions
How can you divide property between your children?
Share it equally between them. Usually provision to do this is made in a will.
What is Production mix?
Product mix is a combination of products manufactured (or sold) by a manufacturer (or distributor). If different products are not equally profitable, then the company profitability is affected by the product mix.
