Why will government raise more tax revenue if it applies a tax to a good with inelastic

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Why will government raise more tax revenue if it applies a tax to a good with inelastic demand than if it applies the tax to a good with elastic demand?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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Why will government raise more tax revenue if it applies a tax to a good with inelastic

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Tax revenue is equal to the tax tim...View the full answer

Microeconomics

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