What happens to the supply of cookbooks

Assignment Help Business Economics
Reference no: EM13245894

The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:

· What type of tax is this? Explain.

· What happens to the supply of cookbooks?

· What happens to the equilibrium price?

· Who pays the tax at the end?

· Is this a good way to finance programs to improve health?

· What other types of tax can the government use to increase revenues?

Reference no: EM13245894

Impact of the latest survey on price level expectations

The board of the central bank is analysing the impact of the latest survey on price level expectations. They have found that people and businesses now expect a higher price le

Trade is designed to create bigger market opportunities

Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunit

Consumption bundles is part of consumption possibilities

Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his

Wage elasticity of labor demand for unskilled workers

How is the own-wage elasticity of labor demand for unskilled workers affected by the elasticity of supply of other factors of production (such as skilled labor and capital equ

Identify greatest uncertainties surrounding global warming

Discuss the major causes of global warming, the expected effects providing an indication of which effects are likely to be the most important economically, and identify the

Balance of power is fundamental in international relations

The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact o

Industry are just able to cover their cost of production

“When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little b

Based on discussions surrounding the controversy

Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to m

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd