Economics 9708 · AS & A Level · Short-run costs

Short-run costs — practice question

Which commodities ought a government to tax if it wants the tax system to become more progressive?

  • Athose for which demand is price elastic
  • Bthose for which demand is price inelastic
  • Cthose with an income elasticity of demand greater than one
  • Dthose with an income elasticity of demand less than one

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