If the purpose of taxation is to raise revenue, would it be better for the government to levy taxes on products whose demand is elastic or inelastic? Explain.Are there any other reasons why governments levy taxes? Explain.

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The Answer of If the purpose of taxation is to raise revenue, would it be better for the government to levy taxes on products whose demand is elastic or inelastic? Explain.Are there any other reasons why governments levy taxes? Explain.

If the Purpose of Taxation Is to Raise Revenue, Would