country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

MAE101 Economic Principles Assignment

tag 0 Download5 Pages / 1,065 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Definitions and Concepts
 
i. What is the meaning of tax incidence when a tax is levied on a market?
 
ii. In Chapter 1 of Gans et al. (2015) we studied the 10 economic lessons. Can you identify which economic lesson is applicable to taxing sugary drinks and briefly explain the economics behind this policy.
 
This question considers the impact of a tax on the market for sugar-sweetened drinks and its impact on related markets. This question does not require you to use actual data for your diagrams, but rather a general representation of these markets. (Use the Insert Shapes Line feature in MSWord to draw and label your diagrams).
 
i. Draw a fully-labelled demand and supply diagram to represent the market for sugar-sweetened drinks.
 
Illustrate the effect of a tax levied on consumers of sugar-sweetened drinks. Clearly label the changes you have made in your diagram and explain the impact on the equilibrium price and quantity following the introduction of the tax.
 
ii. Sugar is a key ingredient in the production of sugar-sweetened beverages. Draw a new fullylabelled diagram that represents the Australian sugar market and discuss the likely impact to this market of a tax being levied on sugar-sweetened drinks. Again, clearly label the changes you have made in your diagram and the effect on equilibrium price and quantity of sugar.
 
iii. The last part of this question looks at the likely impact of a tax on sugar-sweetened drinks on the market for non-sweetened, artificially sweetened or low-sugar beverages.
 
Draw a fully-labelled diagram that represents these combined markets and discuss the likely impact of the introduction of a sugary drinks tax, explaining the economic relationship between these markets and the sugar-sweetened drinks market.
 
i. According to a report by the Grattan Institute (Duckett and Swerissen, 2016), it was estimatedthat the own price elasticity of demand for sugar-sweetened beverages was -0.9. Briefly interpret this elasticity estimate and discuss its relationship to the effectiveness of a tax on the consumption of sugar-sweetened drinks.
 
ii. Most studies show that sugary drinks are consumed in high proportions by children and teenagers, as well as low-income households. How would these consumer characteristics help to improve the effectiveness of a consumption tax on sugary drinks?
 
 
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 5 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Economic Principles Assignment. Retrieved from https://myassignmenthelp.com/free-samples/mae101-economic-principles-assignment.

"Economic Principles Assignment." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/mae101-economic-principles-assignment.

My Assignment Help (2020) Economic Principles Assignment [Online]. Available from: https://myassignmenthelp.com/free-samples/mae101-economic-principles-assignment
[Accessed 19 September 2020].

My Assignment Help. 'Economic Principles Assignment' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/mae101-economic-principles-assignment> accessed 19 September 2020.

My Assignment Help. Economic Principles Assignment [Internet]. My Assignment Help. 2020 [cited 19 September 2020]. Available from: https://myassignmenthelp.com/free-samples/mae101-economic-principles-assignment.


The key to getting into the best college is to write a powerful college application essay. Hopefully, you’ve searched enough on the net – how to write a college application essay. Let MyAssignmnethelp.com help you gear up your career by writing the perfect college application essays for you. We have access to the best word count tools online. So, you don’t need to worry about exceeding the word limit. Avail the best essay writing help from MyAssignmenthelp.com for an impressive piece of essay today.

Latest Economics Samples

BUS272 Behavior In Organizations- Changing Economies Of Asia

Download : 0 | Pages : 5

Answers   1.“A long-term rise in capacity to supply increasingly diverse economic goods and it is based on advancing technology and the institutional and ideological adjustments.” Simon Kuznets Noble Prize in Economic Science   6 Aspects of Modern Economic Growth   Quantitative Factors- 1.The rates of growth of per capita product. 2.The rate of rise in productivity. Structural Transformation- 3.The rat...

Read More arrow

ECON 41900: Managerial Economics

Download : 0 | Pages : 4

Answer: 1).Economic growth and Recession  Economic recession is a phase where there is a gradual decline in economies and the downfall in economic activity is associated with a sharp decline in stock price, a rise in unemployment along with a decline of housing market. Recession if stays for a significantly long time then it is called depression, which is more severe than recession. An economy is said to undergone with the phase of reces...

Read More arrow

ECO82210 Economics And Quantitative Analysis 1

Download : 0 | Pages : 6
  • Course Code: ECO82210
  • University: Southern Cross University
  • Country: Australia

Answers: Purpose The present report assesses the relationship between wage (hourly earnings) and number of years of education. The objective of the study is how well does the number of years of education impact wage of a person.The association between the two variables is necessary from economic point of view. Background Education and wage have a causal relationship. In the modern society the wellbeing of a person is dependent not only capi...

Read More arrow

2512ICT Ecommerce 2

Download : 0 | Page : 1
  • Course Code: 2512ICT
  • University: Griffith College
  • Country: Ireland

Answer: Introduction to Ecommerce act of selling goods and services in the online platform Ecommerce facilities in banks Internet banking Baking services through electronic channels Retail and wholesale services Bill payment, fund transfer, opening new account, investment and brokerage services. Hong Kong and Shanghai Banking Corporation founded in 1865, known as HSBC group 3,900 offices in 67 countries and...

Read More arrow Tags: Australia Bentleigh Management University of New South Wales 

HI5003 Economics For Business 5

Download : 0 | Pages : 12

Answer: Introduction: Unemployment is one of the persistent phenomenons that every economy around the world faces over the time. Depending upon the various factors like economic growth rate, growth of industry, growth of population, rate of unemployment tends to fluctuate over time gradually (Schmieder, von Wachter and Bender 2016). Unemployment is such a phenomenon that pause the economic growth and influence the disposable income negatively...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,417,912

Orders

4.9/5

Overall Rating

5,091

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

647 Order Completed

98% Response Time

Adlina Han

Masters in Marketing with Specialization in Branding

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

265 Order Completed

97% Response Time

Ken Campbell

MSc in Electrical Engineering

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Your work is organised logically with engaging content. You have cited materials that are relevant and applied with academic standards. However, you should provide more reflection on the readings and how changes in the world of work may impact on y...

flag

User Id: 319245 - 18 Sep 2020

Australia

student rating student rating student rating student rating student rating

I\'m satisfied with my assignment help. It\'s really helpful and I will totally use it in the future. Highly recommend

flag

User Id: 400631 - 18 Sep 2020

Australia

student rating student rating student rating student rating student rating

It was on time and all the guidelines were followed. I will post the grade when I get the results thanks!

flag

User Id: 400631 - 18 Sep 2020

Australia

student rating student rating student rating student rating student rating

The expert mastered this discussion. I am so very pleased with this assignment. Kudos to the team!

flag

User Id: 80507 - 18 Sep 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?