An increase in the excise tax on alcoholawill have no, Ask an Expert

Economics

An increase in the excise tax on alcohol?

a)will have no effect on alcohol consumption

b)will generate minimal tax revenues for the federal government

c)couped with a uniform drinking age nationwide would save lives

d)will generate substantial revenues is demand is elastic

e) all of the above

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9747305

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question petunias farm produces and sells milk the market

Question: Petunia's Farm produces and sells milk. The market for milk is perfectly competitive. The market price of milk is $2.50 per gallon. The relationship between the farm's output and total costs is shown in the tab ...

Question the information below shows the percentage of

Question: The information below shows the percentage of total sales (market sales) for each firm in the health care industry: Firm Percentage of sales 1 35 2 10 3 25 4 3 5 4 6 18 7 2 8 3 a) what is the 4 firm concentrati ...

Quesiton the firms demand for labor is a derived demanda

Quesiton: The firm's demand for labor is a derived demand. A. Explain the law of diminishing marginal returns and show graphically how it affects labor demand curves. B. Explain and show graphically why the marginal reve ...

Question what is an exchange rate system what is the

Question: What is an exchange rate system? What is the difference between a fixed exchange rate system and a managed float exchange rate system? The response must be typed, single spaced, must be in times new roman font ...

Question a peggy buys a house for 200000 with a monthly

Question: (A) Peggy buys a house for $200,000, with a monthly mortgage payment of $2,000. The current interest rate is 8%. A year later, the interest rate drops to 7% and her monthly payment falls to $1,800. What happens ...

Question on july 5 1884 dudley stephens and brooks - all

Question: On July 5, 1884, Dudley, Stephens, and Brooks - "all able-bodied English seamen" - and a teenage English boy were cast adrift in a lifeboat following a storm at sea. They had no water with them in the boat, and ...

Question what are the economic differences during the time

Question: What are the economic differences during the time between Bush and Obama? What are the impacts of these differences on the national debt? The response must be typed, single spaced, must be in times new roman fo ...

Question new us tax legislation could include a tax credit

Question: New U.S. tax legislation could include a tax credit for the use of alternative energy sources that significantly reduces the cost of using alternative fuels. Explain, in economic terms, how this may impact the ...

Question the demand for tables is p24-2q and the supply is

Question: The demand for tables is P=24-2Q and the supply is P=Q. If the government were to impose a price floor of $12, What is the deadweight loss created by the price floor? The response must be typed, single spaced, ...

Question using the small open economy model illustrate and

Question: Using the small open economy model, illustrate and describe the likely effects of an economic crisis on a country's trade performance and balance of payments? The response must be typed, single spaced, must be ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert