If Demand and Supply Are Both Very Elastic,a Decrease in the Rate

question 80

Multiple Choice

If demand and supply are both very elastic,a decrease in the rate of an excise tax will likely:

• A)decrease government revenue.
• B)increase government revenue.
• C)not affect government revenue.
• D)make demand and supply both inelastic.

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provision of tangible aid or resources, including financial, legal, or material assistance, often used in the context of humanitarian aid or legal proceedings.

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