Question
(a) Explain with the use of examples the five cases of the price elasticity of demand [ 20 marks]. (b) Define the taxation [ 5
(a) Explain with the use of examples the five cases of the price elasticity of demand [ 20 marks].
(b) Define the taxation [ 5 marks] and state the effects of putting taxes in markets [ 5 marks]
(c) Define the subsidy [ 5 marks] . State the effects of subsidies in markets [ 5 marks] .
(d) Due to COVID-19 crisis Governments worldwide started to reconsider their policies concerning the imposition of taxes and giving subsidies to citizens. In your opinion and given the crisis of COVID-19 what the governments should do ? [ 10 marks]
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
