Suppose the current price of gasoline is $1.50/L. If a government places a $0.25/L tax on gasoline, will it earn more re

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answerhappygod
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Suppose the current price of gasoline is $1.50/L. If a government places a $0.25/L tax on gasoline, will it earn more re

Post by answerhappygod »

Suppose the current price of gasoline is $1.50/L. If a
government places a $0.25/L tax on gasoline, will it earn more
revenue if demand is relatively elastic or inelastic?
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