A researcher reported that he had found the demand curve, Ask an Expert

Economics

Q. In a recent article, a researcher reported that he had found the demand curve for kerosene to be upward sloping.-as the price of kerosene rose the quantity demanded of kerosene increased. Illustrate what questions might you have for this researcher?

Q. Suppose the government wants to discourage consumption of some goods (such as cigarettes or liquor). Assess the effectiveness of specific taxes and the lump sum taxes (a pure reduction in income) in reducing consumption? Draw appropriate diagrams to show this.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9224368

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