Would elasticity of demand be important to you in determining those products on which excises should be levied?

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You are chairperson of a state tax commission responsible for establishing a program to raise new revenue through excise taxes. Would elasticity of demand be important to you in determining those products on which excises should be levied? Explain.

    • 5 years ago
    Would elasticity of demand be important to you in determining those products on which excises should be levied
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