Will it help smokers if the state imposes the tax on stores

Assignment Help Microeconomics
Reference no: EM132177157

Question: Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes. Will it help smokers if the state imposes the tax on the stores that sell the cigarettes rather than on smokers? Why or why not? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132177157

Questions Cloud

What decrease in demand do to efficiency of price ceiling : Suppose there has been a long-standing price ceiling on housing in your city. Recently, population has declined, and demand for housing has decreased.
Develop your solution on any machine you desire : Organizing your handin directory and submissions correctly - You may develop your solution on any machine you desire, as long as the final solution works
What returns to scale does the production function exhibit : What is the MRTSK,L for the following production function: Q = 2K + 4L1/2? What returns to scale does the production function exhibit?
What will happen to the size of the deadweight loss : Suppose Colombia maintains a price floor for coffee beans. What will happen to the size of the deadweight loss if the price floor encourages new growers.
Will it help smokers if the state imposes the tax on stores : Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes.
What is the value of the call option : The price of Ervin Corp. stock will either be $67 or $84 at the end of the year. What is the value of the call option if the strike price is $75 per share
What are the potential benefits of such a policy : In the Philippines, rice production is lower than rice consumption, resulting in a need to import rice from other countries.
Why then might a subsidy be considered inefficient : A subsidy will increase consumer and producer surplus in a market and will increase the quantity of trades. Why, then, might a subsidy.
What will the carpet cost in six years : A condo association is required to set aside funds to replicate the common area carpet. What will the carpet cost in six years? Show all work

Reviews

Write a Review

Microeconomics Questions & Answers

  Compute coefficient of price elasticity for goldsboro supply

What is the formula for measuring the price elasticity of supply Suppose the price of apples goes up from $20 to $22 a box. In direct response, Goldsboro Farms supplies 1200 boxes of apples instead of 1000 boxes.

  Write the required reserves of peoples national bank does

suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the

  Explain how alice can prevent related message attack on rsa

Explain how Alice can prevent a related message attack on RSA. Encrypt P. 17 to find ciphertext. Use Chinese remainder theorem to find four possible plaintexts.

  Effect of bus fare on the demand for auto travel

The exponent of D in the above equation is +0.75.  What does this say about the effect of bus fare on the demand for auto travel? Is the demand for auto with respect to auto travel-time elastic or inelastic?  Please explain.

  Discussion on economics

Discuss why will voluntary actions, undertaken at individual level, be unlikely to bring about significant decrease in greenhouse gases such as CO(2)?

  How much would the quantity demanded of imported tv sets

If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year.

  Equilibrium level of output at below full employment

Given the above information, in this hypothetical economy what is the equilibrium price level and the equilibrium level of real output? Using Excel, graph both the aggregate demand and aggregate supply curves. Can there be equilibrium level of out..

  Why are recessions shorter than expansions

If the economy goes into recession, how will it affect you? Consider not just your in- come but the prices of any assets you might own or commodities you purchase. How can you minimize this impact?

  Open the microsoft excel workbook interactive model

open the microsoft excel workbook interactive model economics.xls.on the first tab you will see a figure similar to

  What is the quantity of rice demanded in the market

What is the quantity of rice demanded in the market (in metric tons) if the market price is $400 per metric ton

  A firm determines its marginal revenue

Economics is profitable for a firm to continue employing additional resources?

  Find present worth of benefits of replacing one production

Jerry Stans, a young industrial engineer, prepared an economic analysis for some equipment to replace one production worker.

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