Question
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 governmentSolution
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.
Which one of the following is the crop response curve to applied fertilizer?
Chitala chitala is state fish of __
The test used to detect mechanical damage in soybean seeds is:
FCI coordinates its functions through a country-wide network of offices with Headquarter in…………….
What is the name of the tube-like enclosure that runs lengthwise through an insect's body, allowing food processing to occur?
Number of stamens in green gram is:
________ has propounded that "output is a function of labour and capital".
Which one of the following is the number of AERs in India as per NBSS & LUP?
Which principle promotes the participation of all family members in extension activities?
Which herbicide is also a hormone:
