This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: To prevent obesity, the government may establish a tax on high caloric foods, such as twinkies. A ... (Read 90 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
To prevent obesity, the government may establish a tax on high caloric foods, such as twinkies. A twinkie tax will have the smallest impact on quantity demanded when the demand curve for twinkies is
 
  A) perfectly elastic.
  B) perfectly inelastic.
  C) more elastic than the supply curve.
  D) both A and B.

Question 2

Who will bear the burden of a 0.50 tax placed on soda suppliers (consumer or seller) in a soda market where Qd = 225-10P and Qs = 50 + 15P?
 
  A) Consumers pay 0.30 of the tax, bearing the burden.
  B) Consumers pay 0.25 of the tax, bearing the burden.
  C) Sellers pay 0.25 of the tax and bear the burden.
  D) Sellers pay all of the tax and bear the burden.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bhavsar

  • Sr. Member
  • ****
  • Posts: 351
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.
Answer Preview
Only 29% of students answer this correctly


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Excellent

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Cushing syndrome. This syndrome includes the symptoms of obesity, moon face, hyperglycemia, and musc Cushing syndrome. This syndrome includes the symptoms of obesity, moon face, hyperglycemia, and musc
Foods High in Tyramine Foods High in Tyramine
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher. A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
Concerns and Regulations for GE Foods Concerns and Regulations for GE Foods
What mechanisms prevent interspecies and same-sex breeding? What mechanisms prevent interspecies and same-sex breeding?
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library