× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
Mairoon Mairoon
wrote...
Posts: 850
Rep: 0 0
6 years ago
If lower-income households spend a greater share of their income on cigarettes than do higher-income households, then a tax that raises the price of cigarettes will
A) cause lower-income households to incur a greater loss of consumer surplus than that incurred by higher-income households.
B) cause higher-income households to incur a greater loss of consumer surplus than that incurred by lower-income households.
C) raise consumer surplus among higher-income households.
D) cause consumer surplus to decline among smokers, but the relative impact cannot be determined from the given information.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 87 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
D
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  2085 People Browsing
Related Images
  
 615
  
 1046
  
 610
Your Opinion