Honolulu tourism commission currently proposed

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Q1. Give 3 good reasons why someone might choose to pay $1150for health insurance when the actuarial fair premium was only $900

Q2. The Honolulu tourism commission currently proposed a 7% tax on hotel rooms to pay for an outdoor amphitheater. A Purdue University economist estimates that the tax would result in a 4% increase in price also an 8% drop in the quantity of hotel rooms demanded. As a result of the tax, the total spent on hotels will?

Reference no: EM1312336

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