Suppose an economic historian discovers that a tax on a particular good resulted in a large price change while having little effect on the quantity demanded. Was this good most likely a necessity or a luxury good? Explain.

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The Answer of Suppose an economic historian discovers that a tax on a particular good resulted in a large price change while having little effect on the quantity demanded. Was this good most likely a necessity or a luxury good? Explain.

Suppose an Economic Historian Discovers That a Tax on a Particular