The More ________ the Demand Is for a Product, the ________

question 156

Multiple Choice

The more ________ the demand is for a product, the ________ tax revenue that will be raised by taxing the product.

• A) elastic; more
• B) inelastic; more
• C) inelastic; less
• D) Tax revenues are unrelated to a product's price elasticity of demand.

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Definitions:

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