Describe how money s portability, uniformity, and divisibility have impacted recent

Explanation:

Portability of money is a characteristics of money that means money must be light and easy to carry about. Money should be easy to transport when people travel.

Uniformity of money is the standardization of money so that it will look the same. When money is uniform, it is easily recognizable.

Divisibility means that money must be able to be easily divided in order to enable a person to purchase different products. Also, when a person buys a product, the person must be able to collect his or her change. I have different denominations which I use to make purchases.

The answer is as follows:

Explanation:

Before the tax,

20 million bottles of wine were sold every month at a price of $5 per bottle

After the tax,

14 million bottles of wine are sold every month; consumers pay $8 per bottle (including the tax), and producers receive $2 per bottle.

The amount paid by consumers after tax is $8 per bottle and amount paid by producers is $2 per bottle.

∴ The amount of tax on wine = $8 - $2 = $6 per bottle

Tax burden on consumers = Price paid after tax - price paid before tax

= 8 - 5

=$3 per bottle

Tax burden on Producers = Price received before tax - price received after tax

= 5 - 2

=$3 per bottle

∴ The burden of tax falls equally on both consumers and producers of $3 per bottle each.

The statement is true. Whether the tax is levied on consumer or producer, the effect of the tax on the quantity sold is the same.