In order to enable the government of a country to increase its tax revenue, it...
ECONOMICS
WAEC 2021
In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on_______
- A. Textile materials with elastic demand
- B. Alcoholic beverages with inelastic demand
- C. Agricultural products with inelastic supply
- D. Luxury goods with elastic supply
Correct Answer: A. Textile materials with elastic demand
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