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

Author Question: A government is considering levying an alcohol tax to raise revenue to finance health care benefits. ... (Read 123 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Apr 19, 2019

A government is considering levying an alcohol tax to raise revenue to finance health care benefits. People for the tax argue that alcohol demand is price inelastic. Which of the following statements is 
true?


◦ The alcohol tax may not raise as much revenue as anticipated in the years to come because alcohol demand is more elastic the longer the period of time consumers have to adjust.
◦ This is a very good way to raise revenue both in the short term and in the long term because there are no close substitutes for alcohol.
◦ This tax will not raise much revenue either in the short term or the long term because demand is price inelastic.
◦ No tax revenue can be raised in this way because alcohol sellers will just lower their price by the amount of the tax, and therefore the consumer price of alcohol will not change.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Jramos095 on Apr 19, 2019

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Apr 19, 2019
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 25% of students answer this correctly


Jramos095

  • Member
  • Posts: 528
Reply 2 on: Apr 19, 2019
Excellent

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Health Assessment Health Assessment
Ten hallmarks of emotional health Ten hallmarks of emotional health
Patient teaching: health promotion to prevent osteroporosis in women Patient teaching: health promotion to prevent osteroporosis in women
A medical assistant performs a spirometry test using electronic health record software. A medical assistant performs a spirometry test using electronic health record software.
Health care setting. Health care setting.
United States Health Care System: Combining Business, Health, and Delivery United States Health Care System: Combining Business, Health, and Delivery
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library