Why would elasticity of demand be important to you

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Q. "you are chairperson of a state commission responsible for establishing a program to raise new revenue through excise taxes. Why would elasticity of demand be important to you in determining the products on which the taxes should be levied"

Q. If the demand for golf is price-inelastic also your local public golf course increases the greens fees for using the course, you would expect

Reference no: EM1343895

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