Questions

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

A Mirage is a naturally occurring optical phenomenon in which light rays bend to produce a displaced image of distant objects or the sky.

• It is caused due to Total internal Reflection.

• It is an optical illusion observed in deserts or hot summer days due to which a person sees a pond of water some distance ahead of him in which the surrounding objects appear inverted.

How Mirage Forms::

1. The temperature of other layers of atmosphere goes on decreasing as we go up.
2. Therefore density and refractive index of air changes as one goes up.
3. Thus a ray of light,gets refracted more and more away from the normal.
4. At a particular angle when a ray of light exceeds critical angle, total internal reflection takes place and ray of light gets reflected in the same medium.
5. when the reflected ray reaches our eye, it appears as coming from tree or sky .
6. Hence the inverted image of tree creates an impression from a pond of water.

The 119th constitutional amendment bill 2013 sought to ratify the land boundary agreement between the two countries. This amendment needed special majority in the parliament to get passed. The bill proposed to amend the 1st schedule of the constitution to exchange the disputed territories occupied by both the nations in accordance with the 1974 bilateral LBA. Since, the law is not related to federal matters, only the approval of the Parliament is needed.