If the government announces it will stop taxing a luxury good next year, the demand for that luxury good would likely shift to the right (increase) today as consumers anticipate lower prices in the future.
The impact of government tax policies on consumer demand can be a complex topic to consider. In the scenario where the government announces that it will stop taxing a luxury good next year, the demand for that luxury good is likely to shift to the right today. This means that consumer demand will increase.
Many consumers who might have been deterred from purchasing the luxury good due to the extra cost imposed by the tax may now decide to wait until the tax is lifted before making their purchase. Therefore, the demand for the good will remain steady or possibly increase in anticipation.
However, it’s important to note that the shift might not be huge if consumers believe the price savings from the no tax policy isn't significant enough to warrant waiting. Other factors such as individual income levels, the perception of the good's worth, or the perceived urgency to own the good can also influence the shift in demand.
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Answer
Richard need to contribute to his annual college expenses is $ 12425 .
Explanation:
As given
Richard’s annual college expenses are expected to total $17,745.
He will receive $5,320 in grants.
Thus
Richard contribute to annual college expenses = Annual college expenses - Grant amount .
Putting values in the above
Richard contribute to annual college expenses = 17745 - 5320
= $ 12425
Therefore Richard need to contribute to his annual college expenses is $ 12425 .
When Subway introduced a new Southwestern club sandwich in South Florida before launching it nationwide, it was engaging in test marketing.
Test marketing is a strategy that companies use to test the effectiveness and appeal of a new product or marketing campaign in a small, specific geographic area before launching it on a larger scale.
This allows companies to make any necessary adjustments or changes before spending more money on a larger-scale launch.
Subway used test marketing in South Florida to gauge the success of their new Southwestern club sandwich before launching it nationwide.
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Answer:
>120 and <130
Microsoft Access uses "and" to combine queries, enabling you to view more defined entries in a column. Queries have to be modified from the design view.
Explanation:
Open the existing query. You can find this by choosing "All Access Objects". The query opens in the datasheet view so click on the view button to change it to the design view.
Go to the bottom pane, In the "Fields" row, select Credits and in "Criteria" row, enter the following: >"120" And <"130"
You can also type >120 and <130
Click on the design tab and then click Run!
The query will display all the values greater than 120 and less than 130 in the Credits row.
The criteria for this query to return only the record are >120 and <130
The user can examine more specified entries in a column while using Microsoft Access since it combines queries using the "and" operator. The design view is where queries must be updated.
Open the current search. This is accessible by selecting "All Access Objects". Click the view button to go to the design view when the question opens in the datasheet view.
Observe the bottom window, Select Credits in the "Fields" row, and then enter "120" and "130" in the "Criteria" row.
The query will display all the values greater than 120 and less than 130 in the Credits row.
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Answer:
Option A Written report that quantitatively describes a firm's financial health
Explanation:
The reason is that the financial statements reflects the firm's finanacial health in terms of profits & losses, Assets and its worth, Cash flows and Equity at the year end. This gives an overview where the company is heading. Financial statements gives an overview how the company has managed its costs, increased profits, increased investments, cash generation from core operations, etc. It has wide number of use for decision making purposes for its stakeholders.
Answer:
The correct answer is letter "C": written report that quantitatively describes a firm's financial health.
Explanation:
Financial Statements are a picture of the financial health of a company for a given period at a given time. Financial statements provide data collecting on the financial results of a company, its economic conditions, and its cash flows. A company's financial statements are broken down into three (3) parts: the Balance Sheet, the Income Statement, and the Cash Flow Statements.
Answer:
$60
Explanation:
The computation of price is shown below:-
Producer Surplus = Price paid by consumers - Production cost
$100 = Price - ($15 + $25 + $40)
$100 = Price - $80
Price for all = $100 + $80
= $180
Price Per consumer = Price for all ÷ First three lawns
= $180 ÷ 3
= $60
Therefore, for computing the price per consumer we simply divide first three lawn by price for all.
Answer:
Corporate Citizen Moral Standard
Explanation:
The reason is that the company have to meet its social standards and the legal requirements which the jurisdiction imposes on it, which is Corporate Citizen Moral Standard. Furthermore, for this reason the company has promised that they will try their best to prevent any negative impact and if there are such cases then it will compensate them as well, which is their legal requirement. They also had offered to build a community park which is the requirement of their social standards.