Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Guest Guest
wrote...
Go to Answer
5 years ago

Question 1.

If a soda tax is implemented and demand for soda is price elastic, the decline in equilibrium quantity would be ________ and the increase in equilibrium price would be ________ than if demand were inelastic.

• larger; larger

• larger, smaller

• smaller; larger

• smaller; smaller

Question 2.

If a soda tax is implemented and demand for soda is price elastic, the effect on discouraging soda consumption would be ________ and ________ tax revenue would be collected than if demand were inelastic.

• larger; more

• larger; less

• smaller; more

• smaller; less
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 76 times
1 Reply
Replies
Answer verified by a subject expert
austireaustire
wrote...
#1
Posts: 408
Rep: 60 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

jodie1
wrote...

5 years ago
Thanks
Smair87
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
yen
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  507 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 103
  
 346
  
 259
Your Opinion
Previous poll results: What's your favorite coffee beverage?