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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?
(c) Using appropriate examples, explain the terms public and merit goods.
(d) Explain, with the help of relevant examples, the relationship between private, external and social costs and benefits.
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I need answers for exam 3 & 4.
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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)
QUESTION 1 (a) In what specific ways does Becker's model of the allocation of time differ from the simple work-leisure choice model? (b) Compare and contrast the functioning
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