The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United State?
January 8, 2010 by
Filed under luxury yachts
The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United States is _______.
very elastic
very inelastic
perfectly inelastic since “rich” people will pay whatever is [...]