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) Ice cream
B) Hamburgers
C) French fries
D) Pizza
Correct Answer:
Verified
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