User Account

All Pages

Inelastic rather than elastic demand

Assignment Help Macroeconomics
Reference no: EM131270321

It has been said that if government wishes to tax certain goods, it should tax goods that have inelastic rather than elastic demand. What is the rationale for this? Give examples and elaborate your arguments.

Reference no: EM131270321

Questions Cloud

Find the marginal productivity of money : Find the marginal productivity of money in this case, and estimate the increase in production if an additional $80,000 is budgeted for the production of the product.
Create program that uses a vector of food pointers to object : Create a program that uses a vector of Food pointers to objects of each concrete class in the hierarchy. The program should print the object to which each vector element points.
How do firms respond to a higher price : When there is an increase in demand, this will cause a higher price in the market. How do firms respond to a higher price?
Substitution and income effects of a price change : Distinguish between the substitution and income effects of a price change. If a good's price increases, does each effect have a positive or a negative impact on the quantity demanded?
Inelastic rather than elastic demand : It has been said that if government wishes to tax certain goods, it should tax goods that have inelastic rather than elastic demand. What is the rationale for this? Give examples and elaborate your arguments.
Determining the prisoner dilemma : 1. Is A an Evolutionary Stable Strategy (ESS)? Is B ESS? 2. What population mixes, if any, will this converge to? 3. For what mix of A to B will this converge to A? For what mix will it converge to B? For what mix will it converge to a mix?
Create a small database to include customer numbers : Create a small database to include customer numbers, customer names and customer areas. Place eight records in the database.For the customer area field,use the designations of N for North,S for South,and so on.
Number of units of leisure raymond : Show how the number of units of leisure Raymond chooses depends on the wage rate. How does Raymond's daily income depend on the wage rate? Does Raymond work more when the wage rate rises?
Back to school crunch at global green books publishing : Global Green Books Publishing is a successful printing and publishing company. Just two years old, it has taken on a great new customer, a local college that needs customized eBooks. What risks can you identify? Why are they a risk to Global Green Bo..

Reviews

Write a Review

Macroeconomics Questions & Answers

  What level of output will the firm produce

In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:

  Determine the stage of the business cycle

Econ 2105- Macroeconomics Current Events Analysis Portfolio - determine the stage of the business cycle that the U.S. is currently experiencing

  Calculate unemployment rate with okuns law theory

Calculate the approximate unemployment rate with Okun's Law Theory that is not in your textbook. To calculate the unemployment rate with Okun's Law - Prosperity and full employment are other names for unemployment in macroeconomics.

  Explain why the money multiplier differs from the simple

If the reserve requirement(rr)is 0.2, what is the simple deposit multiplier? if, in addition, the currency deposit ratio(c) is 0.05 and the excess reserve ratio(e) is 0.15, what is the money multiplier?

  Does each additional singing of song hurt more than prvious

Mylie's total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions, 20 utils after four repetitions, 250 utils after five repetitions, and 2200 utils af..

  Elucidate what could coca cola do to mitigate

Elucidate what could Coca Cola do to mitigate any undesirable effects of business cycles.

  Contributes to the operation and use of the internet

Locate a current reference that lists the important protocols that are members of the TCP/IP protocol suite. Explain how each protocol contributes to the operation and use of the Internet.

  Calculating kind of returns to scale

Find out the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.

  Explain what happened in these two time periods

Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.

  Elucidate what is your interpretation as to whether

Elucidate what is your interpretation as to whether or not capital gains taxes should be raised or lowered.

  What are the equilibrium wage rate and employment level

Define economic rent. In the graph below, assume that the market demand curve for labor is initially D1.

  How gold prices have spiked partially due to the fact that

How gold prices have spiked partially due to the fact that the Federal Reserve would consider buying more Treasury Bonds to fuel the economy. How would this affect the price of gold?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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