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Given Any Upward-Sloping Supply Curve for a Good,the More Elastic

Question 281

Multiple Choice

Given any upward-sloping supply curve for a good,the more elastic the demand 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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