Q1. Illustrate what are the reasons for differences in Price Elasticity of Demand between different products? Explicate the reasoning behind your answer.
Q2. 1. Many economists think which projected deficits will cause the national debt to increase to over 20 trillion dollars by the end of the decade. Explicate how these projected deficits will affect the US Stock and bonds. Could you explicate briefly this question thank you?
Q3. Legislators are recommending a $0.30 per gallon tax; you may recommend a lower tax or a higher tax if you think the proposed $0.30 is not a good choice. However, find the best appropriate result for the gasoline tax policy.