If a product has zero elasticity of demand, what would be effect on quantity demand with change in price? If a government wished to levy an excise tax on a good and wanted to collect a great deal of revenue as a result, what kind of a good should it tax in terms of the good's price elasticity of demand?

Answer rating: 100% (QA)

In the event that an item has no flexibility of interest it implies that the amount requested doesnt ... View the full answer