Business, 07.03.2020 04:52 sr814952

After economics class one day, your friend suggests that taxing food would be a good way to raise revenue because the demand for food is quite inelastic.

A tax on food leads to larger deadweight loss than a tax on goods with more elastic demand.

a. True
b. False

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After economics class one day, your friend suggests that taxing food would be a good way to raise re...