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StephenSudu
13.11.2019 •
Business
If demand in a perfectly competitive market is perfectly inelastic and supply is upward sloping, a specific tax placed on suppliers will
a. be paid entirely by consumers, and there will be a deadweight loss.
b. be paid entirely by suppliers, and there will be a deadweight loss.
c. be paid entirely by consumers, and there will be no deadweight loss.
d. be paid entirely by suppliers, and there will be no deadweight loss.
e. be paid partly by suppliers and partly by consumers, and there will be a deadweight loss.
the correct answer is c. so why there will be no dwl?
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Ответ:
Criteria in contracting a vendor are:
Years in business Ability to constantly supply products. Ability to supply complete requirements. Flexibility to allow changes in orders or product lines. Substantial catalogue of products. Has staff that can answer questions you may have. Testimonials and references. Sustainability and financial stability. Prices. Delivery times. Terms of business. Customer service.The most important factor to consider in contracting a vendor for multiple locations would be delivery times. You need assurance that deliveries can be made where and when you want them.