Assume That the Supply of Gasoline Is Relatively Inelastic and the Supply

Multiple Choice

Assume that the supply of gasoline is relatively inelastic and the supply of wheat is relatively elastic.If a tax is levied on both goods,what happens to the quantity of gasoline produced as compared to the quantity of wheat produced

A) The quantity of gasoline produced declines more than the wheat.
B) The quantity of gasoline produced declines less than the wheat.
C) The quantity of gasoline produced increases more than the wheat.
D) The quantity of gasoline produced increases less than the wheat.