the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,

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30-11-2022
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the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,

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SidHussain SidHussain · Answer 1 · 2022-12-02T15:05:46+01:00

As the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines, then, in that range, b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1.

An elastic price demand means that when there is an effect on the price of a product, its selling rate is to be heavenly influenced by it.

In the above scenario, as the government had increased the per unit tax, the prices of that particular good increase in the market. As a result, people reduced the number of buying that product. This means that the production rate of that product also lowered. Hence, the total revenue even after imposing more tax on the product got declined.

Although a part of your question is missing, you might be referring to this question:

The government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. Then, in that range,

a. the demand is inelastic and the coefficient of price elasticity of demand is less than 1

b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1

c. the demand is inelastic and the coefficient of price elasticity of demand is greater than 1

d. the demand is elastic and the coefficient of price elasticity of demand is less than 1

e. the demand is elastic and the coefficient of price elasticity of demand is equal to 1

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