Studies Indicate the Demand for Cigarettes Is Highly Inelastic, While

question 176

Multiple Choice

Studies indicate the demand for cigarettes is highly inelastic, while the demand for green peas tends to be elastic. Other things constant, how will this affect the incidence of an excise tax on these products?

• A) Consumers will tend to bear a greater share of the burden of an excise tax on cigarettes than of an excise tax on peas.
• B) Consumers will tend to bear a greater share of the burden of an excise tax on peas than of an excise tax on cigarettes.
• C) Producers will bear a greater share of the burden of an excise tax on cigarettes than of an excise tax on peas.
• D) Uncertain; elasticity of demand exerts no impact on how the burden of an excise tax is distributed between consumers and producers.

Understand different patterns of information flow in organizational communication.

Recognize the characteristics and implications of electronic communication in the workplace.

Identify the factors that influence the accuracy and speed of message transmission within an organization.

Distinguish between the types of chains in the grapevine and their impact on message dissemination.

---

Definitions:

Important Functions

Essential activities or roles that are crucial for the success and operation of an organization.

Radar Display

A screen or interface that shows the output of radar data, typically used in navigation, weather forecasting, and military applications to detect and track objects.

Air-traffic Controllers

Professionals responsible for monitoring and directing the movement of aircraft within the airspace and on the ground to ensure safety and efficiency.

Simulation Method

A technique used in training and problem-solving that employs realistic scenarios and models to mimic real-world challenges, allowing learners to practice and experiment.