What changes could occur to prevent this from happening

Reference no: EM133665949

Problem: "If the Baumol hypothesis is correct concerning local government finances, and if the demand for local services is inelastic, then we are in trouble - eventually, spending for education, police and fire protection, and sanitation will require half our incomes." Evaluate this concern. What changes could occur to prevent this from happening?

Reference no: EM133665949

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