ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2012 Exam2D
Document Summary
Econ 2100 (summer 2012 sections 07 and 08) When focusing on the benefits that a buyer obtains from purchasing and consuming a good, Danny, jesse, and joey are debating the potential effectiveness of decreasing alcohol consumption by imposing higher per unit taxes on beer. Danny states that, the most effective way to substantially decrease consumption would be to impose the tax on buyers if demand is. Joey argues that, in terms of discouraging consumption, it doesn"t matter if we tax buyers or sellers. In either case a per unit tax of would decrease consumption by the exact same amount. based upon our discussion in lecture, In the united states, price controls were imposed on a wide range of goods in an unsuccessful attempt to combat inflation by. President ronald reagan, on the day after the berlin wall was taken down.
