Economics · Public Economics
According to Ramsey's rule for optimal commodity taxation, what is implied?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1More elastic goods should be taxed more heavily
- 2Less elastic goods should be taxed more heavily✓
- 3All goods should be taxed at the same rate
- 4Only luxury goods should be taxed
Correct answer
Less elastic goods should be taxed more heavily
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