QUESTIONS FOR CLASSROOM DISCUSSION ON DEMAND ELASTICITY

 After reading about the intended and unintended consequences of these luxury taxes, consider the following:

  • Are consumers the only segment of the economy affected by taxes on consumption goods?
  • Are consumers always negatively affected by taxes on consumption goods?
  • Are taxes that raise revenue “without harming the poor and middle class” justifiable?

Looking forward to a lively discussion in class on Tuesday!

Posted by Prof. C-S

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