Discussion Questions

Running Head : DISCUSSION QUESTIONSDiscussion Question in Economics[Author][Affiliation[Date]DISCUSSION QUESTIONSConsumer unembellishedage is the difference and the actual expenditure . In principle , the higher(prenominal) the ownr surplus , the higher is the welf atomic number 18 of consumers . Note present that consumers are not treated as individual entities preferably as an aggregate What if this is not the case ? What if some consumers cannot abide to consume a secure at the market bell ? Is it fair(a) to call a sales tax on the consumers to reconcile opportunities ? Definitely , imposing sales tax br on consumers will lessen consumer surplus hence , welfare .

In addition although the imposition of tax was fair , a spacious portion of consumers will be unable to buy the substantial (Note that there is still consumer surplus in this caseIn the guinea pig of an incomplete market , the government may chaffer restrictions to the origin and distribution of keens to the consuming public (consumer choice needs to be analyzed on a case to case stem . The second scenario is rather complicated . Here , we can legal opinion a possible negative externality that is , the consumption of the good may harm one s health or cerebration . To counter or lessen this , the government may impose taxes to cover the damage or shut down the securely producing the negative externality (even if there is a full verbalism of important details of the productIt is possible for the government to impose taxes on th e firms (farms using groundwater . It is...I! f you want to get a full essay, realise it on our website: OrderEssay.net

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