Explain the terms public and merit goods, Business Economics

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QUESTION

(a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services.

(b) What are the factors affecting price elasticity of demand for tourism in Mauritius?

(d) Explain, with the help of relevant examples, the relationship between private, external and social costs and benefits.

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Mitesh Khadgi, I want to do few projects on this topic.

I want to do few projects on this topic.

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