Homework Answers
Price elasticity of demand for cigars is relatively inelastic (because the absolute value of price elasticity of demand for cigar is less than one)
The taxes imposed on goods generally passed along to consumers in the form of higher price and in case of inelastic demand higher price of cigar (after tax) wouldn't effect much the quantity demanded of cigars.Hence, in the case of tax imposition on cigars government will get more revenue,
On the other sides, the tax on Milk, candy bar will generate tax revenue less than the cigar because of elastic demand.
Answer: Option (D) i.e., cigars
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