If the government were interested in raising revenue from the imposition of an excise tax, on which of the following products should it place a tax?

Question

Quizplus · Accepted Answer

Cigarettes are often considered inelastic goods, meaning that consumers will continue to buy them even if the price increases due to a tax. This makes them a reliable source of revenue for the government.

If the Government Were Interested in Raising Revenue from the Imposition