The Demand for Food Is Very Inelastic,making It an Attractive

question 147

Essay

The demand for food is very inelastic,making it an attractive target for taxation.However,some regard taxes on food as unfair.Explain why taxes on food might be regarded as unfair.

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Definitions:

Memory traces

refer to the physical and potentially long-lasting changes in the neural structure of the brain that represent our experience.

Automatic functions

Processes or behaviors that operate without conscious effort, often as a result of learned patterns or biological predispositions.

Estrogen production

The synthesis of estrogen, a key female sex hormone involved in the regulation of reproductive and sexual functions.

Cortisol production

The process of synthesizing cortisol, a steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration.