An Excise Tax Will Generate More Revenue to the Government

question 31

True/False

An excise tax will generate more revenue to the government, the more price elastic the demand for the product is.

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Definitions:

Managing Change

The process, tools, and techniques used to manage the people-side of change to achieve the required business outcomes, ensuring that changes are smoothly and successfully implemented.

Change Process

The sequence of steps or activities that an individual or organization follows to move from a current state to a desired future state.

Diagnosing Needs

The process of identifying and assessing the requirements or gaps that need to be addressed within an organization or system.

Sustaining Change

The process of maintaining and solidifying changes made within an organization over the long term.