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urgent help! Assume that you are a politician. You must choose between two products to tax with the sole purpose of selecting the product that

urgent help!

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Assume that you are a politician. You must choose between two products to tax with the sole purpose of selecting the product that increases revenue the most. Product 1 has a price elasticity of demand of -0.2 and Product 2 has a price elasticity of demand of -0.6. If you are considering a tax of 10% (which effectively raises the price by 10%): a) Which item would you tax? Why? Include any relevant calculations and economic concepts for full credit. Please highlight in bold the relevant economic terms in your response. A

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