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Other Things Being Equal, the Less Elastic Demand Is

Question 14

Multiple Choice

Other things being equal, the less elastic demand is:


A) ​the lower the deadweight loss is resulting from the imposition of a given tax on a product.
B) ​the greater the burden is of the tax borne by consumers.
C) ​the greater the tax revenue collected by the government is.
D) ​all of the above

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