Solved

If the Elasticity of Demand Is _____ and the Elasticity

Question 47

Multiple Choice

If the elasticity of demand is _____ and the elasticity of supply is _____, tax revenue is likely to decrease.

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

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