You are expected to pay taxes on steel,matches, clock, cloth, iron;a tax increase on which of these would affect the prices of other commodities the most and why?
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steel .Because this industry feeds other industries ,it provides the essential raw materials for production of other goods in other industries ...........
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The tax increase on iron among the above would affect the prices of other commodities the most. The reason behind this is iron is one of the most important raw material.
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