Examen
ECS3704 ASSIGNMENT 3 QUIZ SEMESTER 1 2024. PASS WITH DISTINCTION WITH FORTIS PASSUM.
- Grado
- Institución
ECS3704 ASSIGNMENT 3 QUIZ SEMESTER 1 2024. DUE Friday, 26 April 2024, 9:00 PM. PASS WITH DISTINCTION WITH FORTIS PASSUM.
[Mostrar más]Vista previa 2 fuera de 9 páginas
Vista previa 2 fuera de 9 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
distinctiongateway
Comentarios recibidos
Vista previa del contenido
ECS3704 ASSIGNMENT 3DUE Friday, 26 April 2024, 9:00 PM
SEMESTER 1 2024
PASS WITH DISTINCTIONS. FORTIS PASSUM
FOR FURTHER ASSISTANCE WITH ECONOMICS,
MANAGEMENT, ACCOUNTING, TAXATION,
EDUCATION & LLB MODULES.
CALL/WHATSAAP 0816884518
Email: info@fortispassum.co.za
, 1. ECS3704-24-S1
2. Welcome Message
3. Assessment 3
QUIZ
Assessment 3
Open block drawer
Started on Tuesday, 16 April 2024, 8:38 AM
State Finished
Completed on Saturday, 20 April 2024, 7:05 PM
Time taken 4 days 10 hours
Marks 7.00/10.00
Grade 14.00 out of 20.00 (70%)
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
This question is based on CSS figure 11.2 (incidence of an ad valorem tax) in CSS. Which one of the
following statements is correct?
Select one:
a.
The tax causes the consumer surplus to increase by the area FBCE.
b.
The excess burden is equal to the difference between the after-tax consumer surplus and the tax
revenue collected.
c.
The size of the excess burden is only determined by the price elasticity of the taxed good.
d.
When a tax is levied on the supplier the after-tax supply curve shifts parallel from S1 to S0.
Feedback
You are incorrect. The after-tax supply curve shifts upwards to S1.
You are incorrect. The consumer surplus decreases by the area FBCE.
You are incorrect. The size of the excess burden is determined by price elasticity and the tax rate.
You are incorrect. The after-tax supply curve shifts upwards to S1.
You are incorrect. The consumer surplus decreases by the area FBCE.
You are incorrect. The size of the excess burden is determined by price elasticity and the tax rate.
The correct answer is: The excess burden is equal to the difference between the after-tax consumer
surplus and the tax revenue collected.
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller distinctiongateway. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $2.98. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now
Vistos recientemente
