If the Demand for a Good Is Price Inelastic, a Tax

Multiple Choice

If the demand for a good is price inelastic, a tax on it will

A) raise price, raise tax revenue, shift the supply curve to the right
B) lower price, lower tax revenue, shift the supply curve to the right
C) Raise price, raise tax revenue, shift the supply curve to the right
D) raise price, raise tax revenue, shift the supply curve to the left
E) Lower price, raise tax revenue, shift the demand curve to the left