What is the significance of price elasticity of demand?
Answers
Answered by
2
The concept of price elasticity of demand is important for formulating government policies,
especially the taxation policy. Government can
impose higher taxes on goods with inelastic demand.
Hope it's help you...
Plzz...mark my ans as brainliest
especially the taxation policy. Government can
impose higher taxes on goods with inelastic demand.
Hope it's help you...
Plzz...mark my ans as brainliest
Similar questions
Political Science,
7 months ago
English,
7 months ago
Science,
7 months ago
Computer Science,
1 year ago
Economy,
1 year ago
Science,
1 year ago
Science,
1 year ago