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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 6: Supply, Demand, and Government Policies
  5. Question
    A Tax on a Market with Elastic Demand and Elastic
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A Tax on a Market with Elastic Demand and Elastic

Question 7

Question 7

True/False

A tax on a market with elastic demand and elastic supply will shrink the market more than a tax on a market with inelastic demand and inelastic supply will shrink the market.

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