Establishing a program to raise revenue through excise taxes

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You are selected by the board of Alderman in your hometown to help the lawmakers in establishing a program to raise new revenue through excise taxes. Why would elasticity of demand be important to you in determining the products on which taxes should be levied? Mention about four products that you would advice them to consider imposing taxes on and two that they should not and explain why?

Reference no: EM131003582

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