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As Part of an Anti-Obesity Program,the Government Levies an Excise

Question 121

Multiple Choice

As part of an anti-obesity program,the government levies an excise tax on high-fat foods.We expect consumers to pay almost all of this tax if demand is _____ and supply is _____.


A) inelastic;inelastic
B) inelastic;elastic
C) elastic;elastic
D) elastic;inelastic

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