Answered: The Ramesy rule suggest that society…

Business

Economics

The Ramesy rule suggest that society should

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section6.4: The Relationship Between Taxes And Elasticity

Problem 3ST

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Question

The Ramesy rule suggest that society should

A.all of these

B.tax a few goods with elastic demand at high rates

C.tax lots of goods at low tax rates

D.tax goods with relatively inelastic demand at lower rates than goods with relatively elastic demand

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