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For a Given Supply of a Product, the _____ the Price

Question 230

Multiple Choice

For a given supply of a product, the _____ the price elasticity of demand, the _____ the tax incidence on consumers, and the _____ the incidence on sellers.


A) greater; greater; smaller
B) greater; smaller; greater
C) smaller; greater; greater
D) smaller; smaller; greater

Correct Answer:

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