An increase in the excise tax on alcohol of $1 per liter: a. coupled with a uniform drinking age nationwide would save lives. b. will raise the price of alcohol by exactly $1 per liter. c. will generate substantial revenue if demand is elastic. d. will generate minimal tax revenues for the federal government. e. will have no effect on alcohol consumption.

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01-06-2021
Business

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An increase in the excise tax on alcohol of $1 per liter: a. coupled with a uniform drinking age nationwide would save lives. b. will raise the price of alcohol by exactly $1 per liter. c. will generate substantial revenue if demand is elastic. d. will generate minimal tax revenues for the federal government. e. will have no effect on alcohol consumption.

Sagot :

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Andromacheidn Andromacheidn · Answer 1 · 2021-06-02T22:10:13-04:00

Answer:

c. will generate substantial revenue if demand is elastic.

Explanation:

If there is an increase in the excise tax on the alcohol so it would produced the high revenue since the demand for the alcohol is elastic also the excise tax represent the application with respective to the price elasticty of demand

Therefore as per the given options, the option c is correct

And, the same is to be considered

Sagot :

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