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the government wants to generate large revenues from placing a tax on the consumption of a particular good, it should choose a good for which
the government wants to generate large revenues from placing a tax on the consumption of a particular good, it should choose a good for which the demand is price inclastic. there are many good substitutes available for the good the demand is unitary elastic. the demand is price elastic
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Managerial economics
Authors: william f. samuelson stephen g. marks
7th edition
9781118214183, 1118041585, 1118214188, 978-1118041581
