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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, with...
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Answered by Joseph B. • Economics tutor
3317 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 wal...
JA
Answered by Jen A. • History tutor
54218 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 area of low concentration . Eg how the colour and flavo...
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Answered by Nicholas G. • Biology tutor
10198 Views

How does speciation occur?

Speciation can be s ympatric (both populations in the s ame place ) or allopatric (populations in different places ). Speciation can result from natural selection and isolation. Natural Selection:1) A new se...
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Answered by Nicholas G. • Biology tutor
4238 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", &...
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Answered by Robine V. • English tutor
2280 Views