Decrease the burden of sales tax on low income

To decrease the burden of a sales tax upon low income households, in that case: (i) goods along with high income elasticities should be taxed. (ii) goods along with low income elasticities should be taxed. (iii) goods along with high income elasticities must be exempt from the tax. (iv) inferior goods must be taxed. (v) tobacco and liquor must be taxed.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Total economic of profit or loss at

    When the wholesale price P = $10 per bushel of peaches, it purely competitive peach orchard maximizes profit through producing ___ bushel of peaches at a total economic as profit or loss of $___. (i) zero; loss; -$4,000. (ii) 2000; lo

  • Q : Problem on Current labor union issues I

    I have a problem in economics on Problem on Current labor union issues. Please help me in the following question. The current labor union issues would comprise: (i) Public sentiment favoring the legislative control of strike powers. (ii) Reduction of

  • Q : Reduced effectiveness by pressure The

    The increased pace of globalization and the steady development of worldwide demands for petroleum-based products from 2002 have tended to decrease the: (w) derived demand for petroleum. (x) prices of gasoline and electricity. (y) pressures which had reduced OPEC's eff

  • Q : Define Size Anomaly Size Anomaly : The

    Size Anomaly: The size effect terms to the negative relation among security returns and the market value of the common equity of a firm. The coefficient on size has extra explanatory power than the coefficient on beta in explaining the cross section o

  • Q : Recognizing market demand for a good I

    I have a problem in economics on recognizing market demand for a good. Please help me in the following question. To determine the market demand for a good, add up the: (1) Quantities supplied at each and every price. (2) Quantities demanded at each and every price. (3

  • Q : Normative Criteria for Income

    The most compatible along with capitalism of the normative criteria for income distribution, which is the: (1) contribution standard. (2) gold standard. (3) needs standard. (4) balanced standard. (5) equality standard.

    Q : Demand for Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

  • Q : Problem related to Sellers markets

    Seller’s markets frequently exist when: (i) There are extensive surpluses. (ii) Prices are increasing. (iii) The government enforces price floors. (iv) Inventories are much high. Can someone please help me in finding out the

  • Q : Profit from predatory pricing In order

    In order for a firm to profit from predatory pricing: (w) the incumbent must fulfill the entire industry demand at a price below costs. (x) the cost of predation should be less than the profits incurred through driving out one’s rivals from the

  • Q : Monopolist maximizes profit When a

    When a monopolist maximizes the profit in the product market, it will: (i) Hire labor till the marginal revenue product equivalents the marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents the marginal resource cost. (iii) Pay a w

©TutorsGlobe All rights reserved 2022-2023.