Q1: AHMAD READ IN THE NEWS THAT GOVERNMENTS IMPOSE EXCISE TAXES ON GOODS THAT HA

Q1: Ahmad read in the news that governments impose excise taxes on goods that have inelastic demand, such as cigarettes, more often than in other cases. Why?
Q2: Ahmed read in newspaper the following “Over the past four years, Saudi Arabia has witnessed a strong phenomenon in the spread of “food truck” carts, which are mobile food carts and cars in all regions of the Kingdom, and it is increasing in major cities and region”. Ahmad cannot decide if a food truck is a good business or should he invest in his money in the bank. Use your economics sense to evaluate and make the right decision