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Economics

The Ramesy rule suggest that society should

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The Ramesy rule suggest that society should

A.all of these

B.tax a few goods with elastic demand at high rates

C.tax lots of goods at low tax rates

D.tax goods with relatively inelastic demand at lower rates than goods with relatively elastic demand

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