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This shows the boom period in which the minimum wage is increased because of which restaurants owners have to pay more to their waiters as well as it increases the cost of meals and would result in increase in unemployment.
The demand and supply curve in the above graph show the impact of the taxes imposed by government on price and quantity demanded. In the above graph the Pe and Qe are the equilibrium price and quantity demanded respectively. Suppose the government imposed tax on any good and the amount of this tax is shared by both producers and the consumers as well. Supply curve shifts from S to S1 because of this tax as the producer desires to sell the good at higher prices in order to decrease the tax’s effect on him and this result in the increase in the price of the good from “Pe” to “Pt” as well as decrease in the quantity demanded “Qe” to “Qt.” Therefore from the graph we can conclude that if government imposes on any good it would result in decrease in the producer’s revenue, raises prices for consumers, and decreases the quantity of the good available in the market.
Now let suppose the government put a tax on this product and also the demand curve is perfectly elastic then the supply curve shifts leftward that is the producer will decrease the supply of product because of which the producer’s surplus decreases and he will have to pay the tax. This we can in the graph given below.
Apparently the producers seem to have little costs due to the drug being illegal so the trading does not include any taxation. However the usual cost includes cost of production, transportation, legal actions that may be taken at any step by law enforcing agencies in case of being caught.
In case the contrabands are made legal, governments will impose taxation and duties on their trading due to their harmful effects. Such duties will decline the producer surplus and the part of their
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U.S Government Bailouts
The economy survives on a number of sectors, which face different challenges; however, the government considers some industries too important to fail and therefore provides financial incentives to keep such companies operational.
Name: University: Course: Tutor: Date: Every day use is a short story written by Alice Walker presenting numerous challenges faced by black women within the American society. It is first person narration by Mama, the main character, and mother to two daughters.
In addition, the worsening economic state of china could also be considered as a contributing factor for America’s emergence as the top investors’ destination. The undergoing financial recovery spear headed by the Obama’s administration could have motivated most of the confidence in United States by foreign investors.
Broadband traffic modeling is a technology of integrated communication network, capable of transmitting diversified communication services in a single network. This supports a high-speed, effective transmission of data, voice, images and videoconferencing across the network in a real time simulation with zero waiting states.
However, police officers are often contracted with the department. Under the assumption that Carlos and Samuel have the same contract this is a strong claim for age discrimination. However, if there are differentiations in the contracts between the two employees more information is needed to determine if this is age discrimination.
If there were any critical moments or issues that changed the way you thought about the topic, please explain them.
At the beginning of the semester, I had vague and ambiguous idea of what actually is a Labor Market and how they operate. My understanding was not clear enough
However, the truth is more complex, and more of human, writes Leslie Cannold.
The DNA paternity test has been around since the early 1980s, but it was not until the mid-1990s that concerns about ‘paternity fraud’ (as it is called by fathers’ rights
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The sense of insecurity and consequent military intervention of world powers has made societies a part of the world, more unsafe and insecure. The deep repercussions of western military expeditions find its best