A Decrease in the Size of a Tax Is Most

question 23

Multiple Choice

A decrease in the size of a tax is most likely to increase tax revenue in a market with

• A)elastic demand and elastic supply.
• B)elastic demand and inelastic supply.
• C)inelastic demand and elastic supply.
• D)inelastic demand and inelastic supply.

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Definitions:

Leukocytes

White blood cells that are part of the immune system and defend the body against both infectious disease and foreign materials.

Reticulocytes

Immature red blood cells recently released from the bone marrow into the bloodstream, indicative of red blood cell production and turnover.

Anaphylaxis

A serious and potentially fatal allergic response that can quickly develop following exposure to a substance that triggers an allergy.

Anisocytosis

A condition marked by a significant variation in the sizes of cells, particularly red blood cells, often an indicator of various types of anemia.