The Following Table Is an Example on the Profit Made

question 11

Essay

The following table is an example on the profit made by Hydro America, a water servicing company, for 5 different years.

Reformat the table to improve readability and to help the manager identify the year with the highest profit.

---

Definitions:

Tax Imposed

A financial charge levied by a government on individuals, corporations, or goods to fund public expenditures.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers from excessive prices.

Price Ceiling

A legal maximum price for a good or service, above which it cannot be sold, typically set by government to protect consumers.