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Given Any Downward-Sloping Demand Curve for a Good,the More Price-Elastic

Question 105

Multiple Choice

Given any downward-sloping demand curve for a good,the more price-elastic the supply curve,the _____ equilibrium output will fall and the _____ will be the deadweight loss when the government imposes an excise tax.


A) more;smaller
B) more;larger
C) less;smaller
D) less;larger

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