question are :
1- Explain how a government can increase its tax revenue (TR) from petrol, given that PED for petrol = (-) 0.19.
2- Show how a firm can increase its profits (TR-TC) for its prduct, given that PED for the product = (-) 0.41.
¦
question are :
1- Explain how a government can increase its tax revenue (TR) from petrol, given that PED for petrol = (-) 0.19.
2- Show how a firm can increase its profits (TR-TC) for its prduct, given that PED for the product = (-) 0.41.
¦