Business
Business, 03.09.2019 18:30, Yasin36

The state of oregon's wine industry specializes in the production of pinot noir wine, a type of red wine. oregon's pinot noir is very similar to wines made in santa barbara and the burgundy region of france. oregon's pinot noir is also known to pair well with lamb, that is, many people choose to drink pinot noir while eating lamb. for many years, states levy a special sales tax on wine often called a "sin tax". the reasoning behind these special sales taxes is that wine consumption can lead to particular social costs such as drunk driving, violence, etc. however, many medical studies have demonstrated that moderate consumption of red wine can lower the risks for many diseases such as coronary heart disease. thus, there are social benefits as well. suppose that states, in recognition of some of the benefits to wine consumption, decide to decrease the sales tax on oregon pinot noir. what effect will this have on consumer surplus, producer surplus and deadweight loss. a. consumer surplus increases, producer surplus increases, the deadweight loss decreases. b. consumer surplus decreases, producer surplus decreases, the deadweight loss decreases. c. consumer surplus decreases, producer surplus increases, the deadweight loss is unchanged. d. consumer surplus increases, producer surplus increases, the deadweight loss increases.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 15:20, sgalvis455
Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
Answers: 3
image
Business, 22.06.2019 21:20, danielahumajova6
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources. b. (ii) determine how much of each good gets produced. c. (iii) can be used to predict the impact on the economy of various events and policies. d. all of (i), (ii), and (iii) are correct.
Answers: 3
image
Business, 22.06.2019 23:00, aprilleigh102
Ernesto baca is employed by bigg company. he has a family membership in his company's health insurance program. the annual premium is $5,432. ernesto's employer pays 80% of the total cost. ernesto's contribution is deducted from his paycheck. what is his annual contribution? $1,086.40 $1,125.65 $1,527.98 $1,567.20 save and exit
Answers: 3
image
Business, 23.06.2019 10:50, 19thomasar
What are examples of career fields skillsusa prepares students for? check all that apply. health science education agriculture construction manufacturing transportation information technology public safety multiple choice: health science education agriculture construction manufacturing transportation information technology public safety
Answers: 1
Do you know the correct answer?
The state of oregon's wine industry specializes in the production of pinot noir wine, a type of red...

Questions in other subjects: