The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United State?

Thursday, December 17, 2009 15:00 | Filled in yachts
yachts


The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United States is _______.
very elastic
very inelastic
perfectly inelastic since “rich” people will pay whatever is necessary
perfectly elastic

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related posts:

  1. Finding Different Yachts Which are Really Great for Yacht Racing For the person who wants to relax with the wind blowing in their face there are some interesting options available. Once such pastime is that of yacht racing. While your usual yacht is built for comfortable sailing a speed yacht is a different story. You will find different yachts...
  2. Luxury Yachts Luxury Yachts are very expensive yachts and are owned mostly by a private party. The crew on board will be a professional group, because it isn’t a very easy task to manage a huge luxury yacht. These luxury yachts are for this reason, also known as Super Yachts. There can...
  3. Luxury Yacht Charters Newport Beach   A yacht is a leisure boat. Yachts are different from working ships mainly because of their recreational purpose. The sailing vessels came to be perceived as luxury items after the advent of powerboats. Ever since the level of luxury on larger yachts has gone towards an upward boom, the...
  4. The Different Types of Luxury Yachts That you Can Choose For lots of people yachts provide a needed way to travel to various places. As there are a multitude of destinations to choose from you will find that there are different types of luxury yachts that you can choose. You will find that these yachts you have many facilities and...
  5. Luxury Yacht Charter Mediterranean: Destinations For many people, the ultimate idea of decadence is to laze in the Mediterranean sun aboard the decks of a luxury yacht. However, as with all things in life, you can have too much of a good thing, and all but the most lethargic of individuals would agree that such...
  6. Luxury Yacht Charter Mediterranean Choosing a destination for your holiday vacation can be difficult. Introducing the idea of a Mediterranean holiday makes your choice even more difficult. Deciding on an ideal vacation is not easy; picture sandy white beaches, crystal blue waters and exotic locations on board luxurious large private yachts. Luxury Mediterranean yacht...
  7. There are Lots of Different Yachts to Look Over at a Yacht Sale There are many people who are fascinated by the idea of sailing across the ocean in a yacht. For these people the best way to buy a yacht which will suit their needs is to look in the different showrooms where you will find lots of yachts that you can...
  8. Ladies are Open About Fulfilling Their Dreams of Being Yacht Girls It is a well known fact that many people find yachts quite fascinating. Among the crowds of people you will discover lots of women who just adore the idea of sailing in one of these ocean going vessels. These women will sometimes find that they have been given the name...
  9. Luxury Yacht Charter in Greece Luxury Yacht Chartering is the greatest way to enjoy a superb summer vacation, in some of the most beautiful Mediterranean destinations. As a luxury yacht charter needs a great planning before yacht chartering, it is wiser to collect yacht charter guidelines, to choose the right company. With a great broker,...
  10. Tips On The Planning Of A Luxury Yacht Charter The most enchanting experience of a vacation can be one that involves hiring a private yacht charter and sailing in the high seas to exotic islands. Many of the people cannot afford such a vacation due to its high cost. However, the increasing popularity for the same is bound to...
You can leave a response, or trackback from your own site.

2 Comments to The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United State?

  1. Truth B says:

    December 19th, 2009 at 11:41 pm

    Read this and then answer your economics homework on your own.

  2. Chuckie O says:

    December 20th, 2009 at 12:40 pm

    very eleastic. No one “needs” a luxury yacht.

    Raising the “luxury” tax on the yacht did not raise the expected funds, instead it destroyed the boat manufacturing industry.

    More important, perhaps, which your teacher might not cover, is that, if a tax is perceived as “unfair” like this one was, people will avoid it if they can.

Leave a comment

yachts