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Consider a competitive market, that has recently had an ad valorem sales tax imposed. Show this on a diagram. What is the impact on the market equilibrium? If the demand curve becomes more inelastic, which side of the market suffers more?

An ad valorem sales tax is a percentage tax on the market price of good, normally paid for by the seller. This tax will pull the supply curve up towards the top left corner of a supply and demand curve, w...

JB
Answered by Joseph B. Economics tutor
2714 Views

Explain two consequences of the Fall of the Berlin Wall.

One consequence was that families that had been separated could meet each other again. This was because after the construction of the Berlin Wall in 1961 the East and West of Berlin were separated by the ...

JA
Answered by Jen A. History tutor
49749 Views

What is the difference between active transport and diffusion.

Diffusion is the passive (does not require energy input) movement of a substance down a concentration gradient from an area of high concentration to an a...

NG
Answered by Nicholas G. Biology tutor
8962 Views

How does speciation occur?

Speciation can be sympatric (both populations in the same place) or allopatric (populations in different places). Speciati...

NG
Answered by Nicholas G. Biology tutor
3461 Views

How to "Analyse the given poem for the theme of death by exploring the metaphors and other literary techniques".

Firstly, we would go over the poem and discuss it to make sure we understand the poem. We would then go back to the question and underline the parts of it that are important, for example "death"...

RV
Answered by Robine V. English tutor
1808 Views

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