-You Are in the Business of Producing and Selling Hamburgers

Multiple Choice

-You are in the business of producing and selling hamburgers, french fries, pizza, and ice cream. The mayor plans to impose a tax on one of these products. Based on the elasticities in the above table, as a profit-minded business person who seeks to avoid taxes whenever possible, which good would you most prefer to have taxed?

A) hamburgers
B) pizza
C) French fries
D) ice cream