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-You Are in the Business of Producing and Selling Hamburgers

Question 402

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, on which of these goods would your customers least like to be taxed? A) hamburgers B) pizza C) French fries D) ice cream
-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, on which of these goods would your customers least like to be taxed?


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

Correct Answer:

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