Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.

Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.

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ewomazinoade ewomazinoade · Answer 2 · 2022-02-18T12:33:34+01:00

A hurricane would raise the burden of tax on the hotel.

The availability of many hotels would raise the burden of tax on the hotel.

The peak of tourist season would raise the burden of tax on you.

As a result of the hotel's architecture, the burden of tax would raise on you.

What does the burden of tax mean?

Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.

The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.

To learn more about tax burden, please check: https://brainly.com/question/26243174