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Author Question: Consider a public good such as fire protection services. Rich people may benefit more than the poor ... (Read 91 times)

saliriagwu

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Consider a public good such as fire protection services. Rich people may benefit more than the poor from such a service because rich people stand to lose more from a fire that destroys property. In this case
 
  A) the benefits-received principle may support the rich paying more taxes than the poor, but not the ability-to-pay principle.
  B) the ability-to-pay principle may support the rich paying more taxes than the poor, but not the benefits-received principle.
  C) neither the benefits-received nor the ability-to-pay principles may support the rich paying more taxes than the poor.
  D) both the benefits-received and the ability-to-pay principles may support the rich paying more taxes than the poor.

Question 2

Refer to Figure 16-3. Which group of customers is likely to have a more elastic demand curve (more sensitive to price)?
 
  A) the customers from The Chateaumarket A
  B) There is no difference in the elasticity of demand between the two groups.
  C) There is insufficient information to answer this question.
  D) the other residents of the neighborhoodmarket B


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kishoreddi

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saliriagwu

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


mohan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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