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    Microeconomics Study Set 3
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    Exam 3: Applying the Supply-And-Demand Model
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    Government Revenue from an Excise Tax of a Given Amount
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Government Revenue from an Excise Tax of a Given Amount

Question 1

Question 1

True/False

Government revenue from an excise tax of a given amount is greater when demand is relatively inelastic than when it is relatively elastic.

Correct Answer:

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