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Topic 1. Government is advised to place a tax on the sellers of a good for which demand is inelastic rather than elastic. What is
Topic 1. Government is advised to place a tax on the sellers of a good for which demand is inelastic rather than elastic. What is the rationale for this advice? Discuss
Topic 2. Can you explain the law of diminishing returns with a real life example? (You can use an example that applies to your daily life).
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