The government is exploring ways to increase revenues through taxation.Lisette is an economic adviser to public policy makers,and they pose to her the following question: Should the government tax yachts or should it tax gasoline? Explain your answer using price elasticity of demand.

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The Answer of The government is exploring ways to increase revenues through taxation.Lisette is an economic adviser to public policy makers,and they pose to her the following question: Should the government tax yachts or should it tax gasoline? Explain your answer using price elasticity of demand.

The Government Is Exploring Ways to Increase Revenues Through Taxation