IN 150 words answer below After economics class one day your friend suggests 2024

tax

IN 150 words answer below After economics class one day your friend suggests

IN 150 words answer below

 

After economics class one day, your friend suggests that taxing food would be a good way to raise revenue because the demand for food is quite inelastic. In what sense is taxing food a “good” way to raise revenue? In what sense is it not a “good” way to raise revenue?