On What Type of Products Do Governments Impose "Sin" Taxes

question 87

Multiple Choice

On what type of products do governments impose "sin" taxes?

• A)On products with elastic demand such as candy.
• B)On products with inelastic demand such as alcohol.
• C)On illegal products.
• D)On consumer goods but not capital goods.

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Definitions:

Optimization

The process of making something as fully perfect, functional, or effective as possible, often through using mathematical models.

Revenue Management

Techniques and strategies used to optimize the amount of revenue generated, often through adjusting pricing, timing, and availability in response to demand.

Supply Chain Assets

The resources and capabilities, such as distribution facilities, logistics services, and inventory management systems, that support the flow of goods from suppliers to customers.

Capacity

The maximum amount that something can contain or produce, such as the production capacity of a factory or the storage capacity of a warehouse.