Elasticity of demand in the authors position


Problem:

Using this website https://money.cnn.com/2008/11/17/news/economy/sloan_gastax.fortune/index.htm

How would the following questions be answered?

1) Explain why he refers to this as market driven policy.

2) What role does elasticity of demand play in the author's position?

3) What are other instances where government will levy this type of tax (sales or excise tax)and why do they levy this type of tax?

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Accounting Basics: Elasticity of demand in the authors position
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