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Based Upon the Following Estimates of Price Elasticity of Demand

Question 40

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Based upon the following estimates of price elasticity of demand, which markets are the best markets to tax if the government's goal is to raise tax revenue? Why?Table 4.7: Based upon the following estimates of price elasticity of demand, which markets are the best markets to tax if the government's goal is to raise tax revenue? Why?Table 4.7:

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