If the government is interested in raising the highest revenue from a tax system, then for any two commodities
a
It is better to tax one whose demand is more elastic
b
It is better to tax one whose demand is more inelastic
c
Revenue will be the same from both commodities
d
It is not possible to say which will yield higher revenue
e
Government cannot make much revenue from taxing commodities
Explanation
Correct Option
bNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (0)
No comments yet
Be the first to comment
