Liuhan Huang
Posts: 3
Joined: Sep 28,2017

Fri Mar 30,2018 03:27 PM

Is diesel cars elastic or inelastic or unit elastic? The case is UK decided to increase tax of diesel cars on April 2018.
Yashvir
Posts: 1
Joined: Jan 15,2018

Fri Apr 6,2018 02:00 PM

@Elastic..... It's not a necessity good...
Yashvir
Posts: 1
Joined: Jan 15,2018

Fri Apr 6,2018 02:01 PM

@If tax increases on either car or petrol their demand will fall... so it's elastic.. producers cannot sell at higher prices since its not a necessity good

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