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Author Question: If lower-income households spend a greater share of their income on cigarettes than do higher-income ... (Read 94 times)

tth

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on: Jul 1, 2018
If lower-income households spend a greater share of their income on cigarettes than do higher-income households, then a tax that raises the price of cigarettes will
 
  A) cause lower-income households to incur a greater loss of consumer surplus than that incurred by higher-income households.
  B) cause higher-income households to incur a greater loss of consumer surplus than that incurred by lower-income households.
  C) raise consumer surplus among higher-income households.
  D) cause consumer surplus to decline among smokers, but the relative impact cannot be determined from the given information.

Question 2

As the price of a good increases, the loss in consumer surplus is larger,
 
  A) the more elastic demand is.
  B) the more money previously spent on the good.
  C) the less money previously spent on the good.
  D) the smaller the price increase.
Microeconomics ¦ Perloff ¦ 8th Edition
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shaquita

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tth

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Reply #2 on: Jul 1, 2018
Correct answers!


shaquita

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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