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

question 80

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


Definitions:

Hormones

Chemical messengers produced by glands in the body, which travel through the bloodstream to target organs or tissues, regulating physiology and behavior.

Homosexual

A term describing a person who is emotionally, romantically, or sexually attracted to members of the same sex.

Heterosexual

Pertaining to a sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.

Transgender Status

The state or condition of identifying with a gender that does not correspond to one's assigned sex at birth.

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