Suppose the tax on liquor is increased so that the tax goes, Ask an Expert

Economics

Suppose the tax on liquor is increased so that the tax goes from being a "medium" tax to being a "large" tax. As a result, it is likely that:

a. tax revenue increases, and the deadweight loss increases.

b. tax revenue increases, and the deadweight loss decreases.

c. tax revenue decreases, and the deadweight loss increases.

d. tax revenue decreases, and the deadweight loss decreases.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91521715

Have any Question?Write your Review or question?

Related Questions in Business Economics

Doctoral assistant ships of phd students 50 have paid

Doctoral assistant ships of Ph.D students 50% have paid assistant ships. a random sample of n=200 students is chosen.. based on this sample and using the properties of the binomial distribution, what is the approximate s ...

A certain device is used to determine the sex of an unborn

A certain device is used to determine the sex of an unborn baby, but the device is not very reliable. If the fetus is truly a boy, the device says BOY with probability 0:8 (but, mistakenly, GIRL with probability 0:2). If ...

True and false question and need to explain itthe theory of

True and False Question and need to explain it The theory of comparative advantage states that trade arises due to different amounts of labor and capital in a country. What arises trade in neo-classical model and o-h mod ...

A factory makes parts for laptop computers including screws

A factory makes parts for laptop computers, including screws. The screws are required to have the right length. The lengths of the screws obey a normal distribution with mean μ=4.25 millimeters and standard deviation σ=0 ...

From a random sample of 68 businesses it is found that the

From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 5.8 hours with a standard deviation of 0.35 hours. What is the 95% confidence interval for the am ...

If a country lets say uk since brexit faces higher

If a country, lets say UK since Brexit, faces higher inflation and lower output than potential, which I am guessing is a adverse supply shock. What kind of FISCAL policy is needed to fix this issue? Explanation has to be ...

In a recent year 8415394 male students and 4879215 female

In a recent year, 8,415,394 male students and 4,879,215 female students were enrolled as undergraduates. Receiving aid were 62.9% of the male students and 68.3% of female students. Of those receiving aid, 41.9% of the ma ...

Given a business situation word problem or case study such

Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action. Assume that a population is nor ...

Has globalization increased or decreased social and

Has globalization increased or decreased social and economic disparities around the globe? Can you please provide details.

Consider a machine with exponential reliability model

Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability that the machine is up for more than 10 units of time. Calculate the probabil ...

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 Business Economics Expert