In order to raise more revenue for a certain period, the government should impose higher taxes on goods whose demand
High taxes should be imposed on goods whose demand is inelastic.
Inelastic demand is when the buyer's demand does not change as much as the price changes. This means that no matter how high the prices may increase as a result of high taxes or other factors, people will still be willing to buy the goods.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}