How the elasticity of demand influences tax revenues

Assignment Help Macroeconomics

Reference no: EM13179509

1. Using your understanding of tax incidence explain why some states do not charge sales tax for basic foods.
2. Explain how the elasticity of demand influences tax revenues?
3. Define progressive, regressive and proportional taxes and give an example of each.

Reference no: EM13179509

Questions Cloud

State a net ionic equation for the reaction of each antacid : write a net ionic equation for the reaction of each antacid with aqueous HCl. include the state of each species. a)MgCO3 b)CaCO3 c)Mg(OH)2

Find market demand function for donuts : Where PX is price of donut; PC is price of coffee; M1 is Ross's income; M2 is Jennifer's income. Suppose Price of coffee is $10, Ross's total income is $1000 and Jennifer's total income is $2000. A) Find market demand function for donuts. If marke..

State what two properties of atp make it ideally useful : What two properties of ATP make it ideally useful for a form of energy storage in cells? Describe why the hydrolysis of ATP is highly exergonic (give at least two reasons).

Explain what is the solubility og : Calculate Qsp for calcium fluoride (Ksp=3.9x10^-11) when 195.0 mL of a 0.00780 M solution of Ca(NO3)2 is added to 175.0 mL of a 0.00740 M solution of KF

How the elasticity of demand influences tax revenues : 1. Using your understanding of tax incidence explain why some states do not charge sales tax for basic foods. 2. Explain how the elasticity of demand influences tax revenues? 3. Define progressive, regressive and proportional taxes and give an exampl..

Explain what is the molarity of the diluted solution : How many moles of HC2H3O2 are diluted to 59.37 mL? B)What is the Molarity of the diluted solution? What is the concentration after the dilution of the following?

What effect did general theory of money have on us economy : After the US stock market crash of 1929, "the government failed to halt the downward spiral. In fact, it made it worse." Explain. What effect did The General Theory of Money, Employment, and Interest have on the US economy? Explain. How did Keynes ..

Describe antacid tablets contain a variety of bases : Antacid tablets contain a variety of bases such as NaHCO3, MgCO3, CaCO3 and Mg(OH)2, Only NaHCO3 has appreciable solubility in water. write a net ionic equation for the reaction of each antacid with aqueous HCl. include the state of each species. ..

Compute qsp for calcium fluoride : Calculate Qsp for calcium fluoride (Ksp=3.9x10^-11) when 195.0 mL of a 0.00780 M solution of Ca(NO3)2 is added to 175.0 mL of a 0.00740 M solution of KF

User Account

All Pages