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If the Elasticity of Demand Is _____ and the Elasticity

Question 26

Multiple Choice

If the elasticity of demand is _____ and the elasticity of supply is _____,tax revenue is likely to increase if the tax rate is increased.

A) 3.3;2.1
B) 3.3;0.5
C) 0.2;2.1
D) 0.2;0.5

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