If the government is interested in raising the highest re...
If the government is interested in raising the highest revenue from a tax system, then for any two commodities
It is better to tax one whose demand is more elastic
It is better to tax one whose demand is more inelastic
Revenue will be the same from both commodities
It is not possible to say which will yield higher revenue
Government cannot make much revenue from taxing commodities
Correct answer is B
No explanation has been provided for this answer.
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