Economics · Public Finance
According to the Ramsey Taxation Rule, commodity taxes should ideally be levied on goods whose:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Price elasticity of demand and supply is high
- 2Price elasticity of demand and supply is low✓
- 3Supply is perfectly elastic
- 4Demand is perfectly elastic
Correct answer
Price elasticity of demand and supply is low
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