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in order to increase revenue, government should tax commodities for which demand is? 

Economics
WAEC 2018

in order to increase revenue, government should tax commodities for which demand is? 

  • A. perfectly price inelastic
  • B. price inelastic
  • C. price elastic
  • D. unitary elastic
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Correct Answer: Option A
Explanation

An economic situation in which the price of a product will have no effect on the supply. In a perfectly inelastic situation regardless of the amount of a product on the market, the price of the product remains the same. 

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