What percentage should a tax raise price of alcohol to meet

Reference no: EM133662344

Assignment:

Assume the price elasticity of demand (Ed) is 0.4 for alcohol. If society wanted to reduce the consumption of alcohol by 30%, by what percentage should a tax raise the price of alcohol to meet this goal?

Reference no: EM133662344

Questions Cloud

Performance initiative and relationship initiative : Follower styles are based on two dimensions: performance initiative and relationship initiative.

Describe how the disparity impacts the health of community : Introduce the health disparity you have selected and describe how this disparity impacts the health of the community.

What is stagflation : What is stagflation? Discuss a situation that could produce it. Could the situation you have described be avoided?

Different human resource theories and styles : We look at a variety of different human resource theories and styles. We also look at the different kinds of perspectives on ethical issues

What percentage should a tax raise price of alcohol to meet : If society wanted to reduce the consumption of alcohol by 30%, by what percentage should a tax raise the price of alcohol to meet this goal?

What about private citizens in countries such as the usa : What about private citizens in countries such as the USA - what is the right thing for them to do individually?

Organization is not meeting benchmarks for key outcomes : A new administrator wants to implement EBP due to concerns that the internal evidence shows that the organization is not meeting benchmarks for key outcomes.

Describe the chronic illness trajectory for selected illness : Describe chronic illness trajectory for selected illness based on patient's age. How does chronically ill patient's illness trajectory influence plan of care?

Concept called pay based on cost of living : That section discusses a newer concept called "pay based on cost of living". different from a straight cost of living approach. Is this concept feasible?

User Account

All Pages