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When government imposes a tax on products it targets for lower consumption to benefit health it may find Question 27 options: a price elastic product
When government imposes a tax on products it targets for lower consumption to benefit health it may find Question 27 options: a price elastic product requires less of an amount of tax to reduce consumption but will still be a long term revenue source taxing a price inelastic product may be a good revenue source, but consumption of the product may continue taxing price elastic goods is less effective as a public health tool price elasticity will have no effect on consumption or revenues
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