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If the Elasticity of Supply for a Good Is Greater

Question 1

Multiple Choice

If the elasticity of supply for a good is greater than the government expected:


A) Consumers will bear more of the burden of the tax than the government expected.
B) Producers will bear more of the burden of the tax than the government expected.
C) The tax will raise more revenue than the government expected.
D) Both a. and c. are true.

Correct Answer:

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