Author Question: The Russian government wants to reduce the consumption of vodka. A one hundred rouble tax on each ... (Read 11 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
The Russian government wants to reduce the consumption of vodka. A one hundred rouble tax on each bottle purchased may reduce the consumption of vodka under which circumstance(s)?
 
  A) Vodka is an inferior good.
  B) Vodka is a normal good.
  C) Vodka is an inferior good and the taxes collected from this tax are rebated to consumers.
  D) Vodka is a normal good and the taxes collected from this tax are rebated to consumers.
  E) both B and C

Question 2

Refer to Figure 9.7. Without counting any government payments received by firms, as a result of this policy the producer surplus earned on the units sold in the market
 
  A) rose by 15,000.
  B) rose by 20,000.
  C) rose by 40,000.
  D) fell by 5,000.
  E) fell by 45,000.



Mochi

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

E

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

For a complete list of videos, visit our video library