Government imposes excise taxes on goods
Question:
Government imposes excise taxes on goods that have inelastic demand, such a cigarettes, more often than in other cases. Why? Explain using the elasticity concept.
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In your chosen industry, is price elasticity of demand considered elastic or inelastic? Are there substitutes available? Is the good a luxury or a necessity?
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Question: Government imposes excise taxes on goods that have inelastic demand, such a cigarettes, more often than in other cases. Why?
What can you say about your price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic?
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The office expenses included Rs.5,000 paid as insurance premiumfor the year ending 30th June, 2004. Wages amounting to Rs.20,000 .
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An old, low quality, but free and interesting documentary: Zimbardo- Stanford Prison Experiment Documentary.