Top Posters
Since Sunday
j
3
s
3
j
2
J
2
e
2
n
2
t
2
d
2
b
2
t
2
J
2
b
2
New Topic  
chomtong chomtong
wrote...
Posts: 589
Rep: 0 0
7 years ago
In order to discourage consumers from eating unhealthy fast food, the government is considering placing a tax on all fast food sales. Which of the following statements is TRUE?
A) Given the numerous alternatives, consumers' demand for fast food is relatively elastic and the tax will likely work to discourage fast food consumption.
B) The tax on fast food will likely raise considerable revenue, but will be unlikely to reduce the consumption of fast food by consumers.
C) The tax on fast food will likely increase the demand for homecooked meals.
D) Both A and C are true.
Read 214 times
1 Reply
Replies
Answer verified by a subject expert
goldlilysgoldlilys
wrote...
Top Poster
Posts: 704
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

chomtong Author
wrote...

7 years ago
Brilliant
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  983 People Browsing
 136 Signed Up Today
Related Images
  
 50
  
 220
  
 226
Your Opinion
Where do you get your textbooks?
Votes: 447

Previous poll results: How often do you eat-out per week?