Only typed answer A junk-food tax would generate a public outcrybecause it is unfair byof fairness.How much tax revenue would be collected isdetermined byA. the rules view but not the results view;the elasticity of demand for junk food andthe elasticity of supply of junk foodB. both the results view and the rules view;the elasticity of demand for junk food andthe elasticity of supply of junk foodOC. both the results view and the rules view;the elasticity of demand for junk food butnot the elasticity of supply of junk food

Rules view of tax fairness is the criteria to assess the tax burden on different people or…

Answered: A junk-food tax would generate a public…

A junk-food tax would generate a public outcry because it is unfair by of fairness. How much tax revenue would be collected is determined by

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Only typed answer

A junk-food tax would generate a public outcry
because it is unfair by
of fairness.
How much tax revenue would be collected is
determined by
A. the rules view but not the results view;
the elasticity of demand for junk food and
the elasticity of supply of junk food
B. both the results view and the rules view;
the elasticity of demand for junk food and
the elasticity of supply of junk food
OC. both the results view and the rules view;
the elasticity of demand for junk food but
not the elasticity of supply of junk food

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