Suppose the government wants to maximize tax revenue. Some policymakers suggest taxing cigarettes, and some suggest taxing rich foods, like burgers and pizza. What would you recommend? Why? Defend your stance. give graph if needed

Q: A tax on the sellers of coffee will increase the price of coffee paid by buyers,

A: The question is asking about the impact of a tax on sellers of a product, in this case coffee, on…

Q: 20 10 260 300 demand increased by 100 units at each price level, and the government set a price…

A: A demand schedule is a table that lists various prices for a good together with the quantity that is…

Q: your supply curve, when an arrow points downward, it means a. price have increased b. quantity have…

A: In an economy, a shift or a movement on the supply or demand curve explains the market condition.

Q: Demand is said to be elastic when the: select correct and explain A) percentage change in…

A: Demand is that quantity of commodity which a consumer is willing and able to buy at each possible…

Q: What happens to a country's economy if there is a high tax for the company that earns more in that…

A: Taxes are the mandatory payments that has to he made to the government.

Q: The tax on cigarettes in New York City is one of the highest in the nation—$5.85 per pack. What are…

A: Tax is a mandatory unilateral or one way payment made by the public towards the government in the…

Q: 9. Listeria is found in Blue Bell ice cream, MARKET: Blue Bell ice cream

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: The supply for gasoline is more elastic than the demand of gasoline. If gasoline is taxed $1 per…

A: The question is asking about the division of tax burden between buyers and sellers when a tax is…

Q: Why have gasoline prices risen faster over the past year, especially in Canada, and what is a policy…

A: The prices of gasoline depends on various factors, both from demand and supply side, which work as a…

Q: Look at the figure above. If the government assesses a tax of $0.75 on each latte, the price the…

A: The equilibrium price is $2 and the equilibrium quantity is 800.The government assesses a tax of…

Q: If the government increases alcohol taxation how will it affect consumption?

A: Taxes are the amount levied on goods which increases the price of good making the consumers to pay…

Q: the government wants to raise tax revenue. They can either tax groceries or meals at fancy…

A: Part a ) The more inelastic the demand , the more will be the deadweight loss.  Necessities usually…

Q: 14. A supply and demand puzzle The following graph presents the market for bikes in 2018. Between…

A: The demand curve shows an inverse relationship between price and quantity demanded. Demand is a…

Q: Suppose the government applies a specific tax to a good where the demand elasticity is -0.8, and the…

A: A tax is a mandatory fee charged by the government on the market. The taxed amount is used for…

Q: What will the federal government do to taxes?

A: The federal government uses fiscal policy as a tool to achieve economic stability.This involves…

Q: Suppose that the demand for soft drinks is price elastic and the supply is price inelastic. If the…

A:

Q: How can the government improve tax collections without imposing much tax to the consumer?

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: What are the pros and cons of generating revenue through the taxation of gambling, casinos and…

A: Taxation refers to the process of levying and collecting taxes by a government from individuals,…

Q: How to find the effective interest rate of a bond

A: An effective interest rate of an investment is the real return on a the interest-paying investment…

Q: paid by consumers) is levied on a good this would e a movement along the demand curve to a (lower…

A: A tax  can be described as the charge that are imposed by the central authority on individuals or…

Q: When the government places a fixed tax on Hot Air's profit of $50 a month, the profit-maximizing…

A: When government imposes fixed tax of $50, then the total cost at each level of output increases by…

Q: If a tax of $1.20 is imposed on consumers in this market, what is the tax revenue?

A:

Q: What if any are the effects of taxation on a normal profit

A: The profit is the excess revenue made by the firm after deducting the total cost of production from…

Q: budget surplus, what could you do about it?

A: If I have a budget surplus that is my total revenue of a period ( say month) is greater than total…

Q: What are pros and cons to increasing the gasoline tax?

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: Suppose the elasticity of demand for a product is 0 and the elasticity of supply is 1. If the…

A: The incidence of taxation refers to the distribution of the economic burden of a tax among various…

Q: J. What is the price range that will result to a surplus in the market?

A: * SOLUTION :-    (J)

Q: What is the government's tax revenue? Is this tax efficient? With the tax imposed, the price of a…

A: Tax is a kind of charge that is put on the production units for producing a certain level of…

Q: a) show and describe a situation in which Ben's analysis is correct. b) show and describe a…

A: Step-1 There are two scenarios mentioned in the question. B And C are arguing based on two different…

Q: Suggest a relevant government policy that would help with tax dodgers

A: Tax evasion is when a person or company intentionally avoids paying their true tax burden. Those who…

Q: Write TRUE if the statement is right and FALSE if it is wrong.   _____     1. Disequilibrium means…

A: The demand shows the relationship between the quantity demanded and the price level. The demand is…

Q: why do comsumers pay the tax on goods if the elasticity of demand is less than the elasticty of…

A: Demand is said to be inelastic when the change in price leads a change in quantity demanded in…

Q: How important is tax in a government?

A: A tax refers to a compulsory financial fee or some other type of levy imposed on a taxpayer by a…

Q: Suppose the market for cigarette is competitive. An economist estimates the price elasticity of…

A: It is given that elasticity of demand= -0.8, and elasticity of supply=0.7 is inelastic in nature.…

Q: “Study of economics starts by acknowledging life’s trade- offs”. Discuss the statement in context of…

A: " The study of Economics starts by acknowledging life's trade offs". This statement can be explained…

Q: Due to a price ceiling on gasoline, over 10,000 potential gasoline consumers cannot buy at the…

A: Price ceiling is the maximum price that can be charged.

Q: The reason which determines the elasticity of tax burden on buyers and sellers.

A: Elasticity determines who will bear the burden of taxes: buyers or sellers. When Demand is more…

Q: what the meaning of tax?

A: Tax is a compulsory contribution to the state's revenue that is levied by the government of each…

Q: elasticity to rising government size. True or false, and explain

A: Wagner's law of state is known as the law of increase of the spending of state and is being named…