A government decides to impose a tax on sugary drinks to discourage consumption due to health concerns. If the demand for sugary drinks is relatively inelastic, what is the likely impact of this tax on:
i) Quantity demanded of sugary drinks
ii) Tax revenue collected by the government
When demand is inelastic, consumers are less responsive to price changes. Therefore, even with the tax-induced price increase, the quantity demanded of sugary drinks will decrease only slightly. However, since the tax is applied to each unit sold, the government will collect more tax revenue due to the relatively stable demand.
1. We know that
P. legitimate and more acceptable
Q. democratic debate
R. is what makes
S. democratic decisions more
6. than any others.
Select the option that arranges sentences A, B, C and D in a logical sequence.
A. Of this about 60% gets recycled, according to the Union environ...
Given below are six sentences, four of which (P, Q. R, S), are jumbled. Pick the option that gives the correct order of P, Q, R, S.
S-1 A summary...
Given below are four jumbled sentences. Select the option that gives their correct order.
A. It produced a squeaky little note that startled ...
Which sentence should come first in the paragraph?
Given below are six sentences, four of which (P, Q, R, S). are jumbled. Pick the option that gives the correct order of P, Q, R, S.
S-1. The site...
Given below are six sentences. A and F are the first and the last sentences. The rest of the sentences namely B, C, D and E are jumbled. Select the opt...
Given below are six sentences, four of which (P, Q, R, S), are jumbled. Pick the option that gives the correct order of P, Q, R, S.
S-1 English i...
Given below are six sentences, out of which sentences A and F are in the correct position. Sentences B, C, D and E are in a jumbled order. Select the op...
Select the most appropriate sequence from the given options to make a meaningful paragraph from jumbled sentences.
A. Security cameras captured...