demand and supply, Macroeconomics

Assignment Help:
The Australian government administers two programs that affect the market for cigarettes. First, media campaigns and labelling requirements aimed at making public aware of the dangers of cigarette smoking. Second, there is a tax on cigarettes.

(a) With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes. (5 marks)
(b) “A tax on cigarettes is a good way of raising tax revenue for the government.” Discuss. (5 marks)

Related Discussions:- demand and supply

Un employment, examine keynesian theory of un employment

examine keynesian theory of un employment

What is the price elasticity of demand, Consider the following utility func...

Consider the following utility function: U = X 1 X 2 Where X 1 and X 2 are quantities consumed of two goods. You are considering the actions of a consumer that maxi

International trade, How can achieve mutual gain from international trade?

How can achieve mutual gain from international trade?

Find out the total economic surplus, The manager of the world famous Koala ...

The manager of the world famous Koala Caves offers a tour each afternoon starting at 3pm. The caves can be shown to only four people per day without undermining their ecology. Occa

Definition of money, Q. Definition of Money? Before talking over macroe...

Q. Definition of Money? Before talking over macroeconomic models we should define what we mean by money. Money has aninteresting and long history and an understanding of how we

Rapidly rises housing prices, Why did housing prices rise rapidly during 20...

Why did housing prices rise rapidly during 2002-2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008-2009 recession began?

Pdf, asiignment on ppc

asiignment on ppc

Inflation, what are the causes of inflationary gap

what are the causes of inflationary gap

Change in the dependent variable, All other things being held constant, wha...

All other things being held constant, what is the change in the dependent variable for a unit change in the first independent variable for the multiple regression equation: ? = 5.2

Write Your Message!

Captcha
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