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

Author Question: If the elasticities of demand for alcohol, tobacco and gasoline are low and the elasticities of ... (Read 89 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
If the elasticities of demand for alcohol, tobacco and gasoline are low and the elasticities of supply are high, then the burden of these taxes (excise taxes) falls more heavily on buyers than on sellers.
 
  Indicate whether the statement is true or false

Question 2

The relative price of a good is greater than the money price of a good.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brummell1998

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


Mimi

  • Hero Member
  • *****
  • Posts: 542
Reply #2 on: Jun 29, 2018
Correct answers!


Brummell1998

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

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

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Metabolism of Alcohol Metabolism of Alcohol
Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ... Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ...
This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ... This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ...
Tobacco smoke and radon are the most dangerous indoor pollutants in the industrialized world Tobacco smoke and radon are the most dangerous indoor pollutants in the industrialized world
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Progressive Effects of Alcohol Progressive Effects of Alcohol
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library