Define how elasticity of demand influences tax revenues

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Using your understanding of tax incidence explain why some states do not charge sales tax for basic foods.

Explain how the elasticity of demand influences tax revenues?

Define progressive, regressive and proportional taxes and give an example of each.

Reference no: EM13219424

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Define how elasticity of demand influences tax revenues : Using your understanding of tax incidence explain why some states do not charge sales tax for basic foods. Explain how the elasticity of demand influences tax revenues?

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