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Why does the government like to tax inelastic goods such as liquor and cigarettes? Multiple Choice Taxing inelastic goods will generate tax revenues for the
Why does the government like to tax inelastic goods such as liquor and cigarettes? Multiple Choice Taxing inelastic goods will generate tax revenues for the government. Consumers can't easily stop using inelastic goods. All of the answers are correct responses. Inelastic goods tend to be price insensitive
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