Most likely, a tax on a luxury good such as yachts will result in

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Quizplus · Accepted Answer

Luxury goods like yachts are often purchased by individuals with higher disposable incomes, who may be less sensitive to price increases. However, a tax can still reduce the overall demand for such high-priced items, leading to less revenue than expected if the decrease in quantity demanded is significant. Additionally, luxury markets often have specific demand dynamics and can be more sensitive to changes in economic conditions and taxation, making revenue predictions challenging.

Most Likely, a Tax on a Luxury Good Such as Yachts