A(n)________ in the Elasticity of Supply or Demand in a Market

question 36

Multiple Choice

A(n) ________ in the elasticity of supply or demand in a market for a good that is taxed would tend to ________ tax revenue from that tax.

• A) decrease; have no effect on
• B) decrease; decrease
• C) increase; have no effect on
• D) increase; decrease
• E) increase; increase

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Definitions:

Implies Offers

Suggesting or indicating a proposal or opportunity without explicitly stating it.

Marketing

The process of promoting, selling, and distributing a product or service.

Sales Messages

Communications designed to inform or persuade customers about a product or service.

Adapting Guidelines

Modifying or adjusting rules or instructions to suit a particular situation, context, or purpose.