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Author Question: In order to discourage consumers from eating unhealthy fast food, the government is considering ... (Read 4849 times)

DelorasTo

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In order to discourage consumers from eating unhealthy fast food, the government is considering placing a tax on all fast food sales. Which of the following statements is 
true?


◦ Given the numerous alternatives, consumers' demand for fast food is relatively inelastic and the tax will not likely work to discourage fast food consumption.
◦ The tax on fast food will likely raise considerable revenue but will be unlikely to reduce the consumption of fast food by consumers.
◦ The tax on fast food will likely increase the demand for home cooked meals.
◦ A tax on fast food will only be effective if demand is perfectly inelastic.


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Marked as best answer by DelorasTo on Apr 19, 2019

gasdhashg

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