Business, 06.04.2020 20:19 kivking12

The demand curve for good X is generally highly inelastic at and around the current price. If we assume that the supply curve is neither perfectly elastic nor perfectly inelastic, then who will pay the greater share of a tax placed on the production of good X?

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Answer from: nestergurl101

The buyers will pay the greater share

Explanation:

The burden of tax falls on the person with the less elasticity of demand or supply.

If demand (supply) is elastic, a small change in price has a greater effect on the quantity demanded (supplied).

If demand (supply) is inelastic, a small change in price has little or no effect on quantity demanded (supplied).

If demand (supply) is perfectly inelastic, price has no impact on the quantity demanded (supplied).

If supply is neither perfectly elastic nor perfectly inelastic, it means supply could either by elastic or inelastic. Demand on the other hand is highly inelastic, so consumers bear the greater burden of tax.

I hope my answer helps you

Answer from: Quest

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

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look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

Answer from: Quest

Hourly workers producing products

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The demand curve for good X is generally highly inelastic at and around the current price. If we ass...

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