The elasticity of demand for alcoholic beverages

Assignment Help Business Economics

Reference no: EM131172406

The elasticity of demand for alcoholic beverages is basically inelastic and when the government (State of Federal) increases taxes, the government tax revenue increases. And in the short run this was true with cigarettes as it is difficult for those who are addicted to change behavior in the short run. Taxes on alcoholic beverages and cigarettes are "sin" taxes. See what can be found about the elasticity of demand for such products as soft drinks-Coke, Pepsi- and how much does the price have to be raised to make a significant impact on consumption. Please discuss in your own words briefly.

Reference no: EM131172406

Questions Cloud

Strategic management and competitive advantage : 1) Explain the relationship between Strategic management and competitive advantage. how can a firm achieve sustained competitive advantage?

Identify a health care issue : Design an implementation plan for the project, including: - A communications plan. - Creation of a design and implementation team by roles.

How realistic is it to assume that people will act out : How realistic is it to assume that people will act out of a sense of moral duty? Is this a significant flaw in Kant's system? Give examples that illustrate your responseples that illustrate your response.

Methods of front-end prison programs : Research three methods of front-end prison programs and three methods of back-end programs for a total of six prison population reduction programs.

The elasticity of demand for alcoholic beverages : The elasticity of demand for alcoholic beverages is basically inelastic and when the government (State of Federal) increases taxes, the government tax revenue increases.

Emerging trends in health information technology : Health care administrators must be able to see into the future, or at least make educated guesses, particularly when it comes to anticipating the strategic value and practical impact of health information technology. For this final Discussion, you..

Make crowding out caused by government borrowing more severe : Which of the following will make crowding out caused by government borrowing more severe? Crowding out could cause: If the MPC = 0.80 and taxes are increased by $1,000, the Keynesian model predicts the change in equilibrium GDP will be: Government sp..

Define asymmetrical power relation : Define Asymmetrical power relation in recruitment and selection. The answer should be in a 1000 word essay.

Standard format for preparing assignment : A well known automobile company is facing crisis. It came to know poor decision making was the reason of that problem. You are appointed as a manger of the company, how you will cope up the problem which rose.

User Account

All Pages