Question:If the U.S. wants to maximize tax revenues, should we impose an
excise tax on McDonalds...
Question
If the U.S. wants to maximize tax revenues, should we impose an
excise tax on McDonalds...
If the U.S. wants to maximize tax revenues, should we impose an
excise tax on McDonalds or gasoline? Why? Make sure to include a
graph and the equation for elasticity and your assumptions
regarding the elasticity of demand for both products.