« previous next »

Author Question: The Russian government wants to reduce the consumption of vodka. A one hundred rouble tax on each ... (Read 46 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

CQXA

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 1, 2018
Thank you


Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i
The effects of Vodka, a chronicle The effects of Vodka, a chronicle
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
The Russian Domain The Russian Domain
American Government: Roots and Reform, AP* Edition, 12th Edition American Government: Roots and Reform, AP* Edition, 12th Edition
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library