Given Any Upward-Sloping Supply Curve for a Good,the More Inelastic

question 280

Multiple Choice

Given any upward-sloping supply curve for a good,the more inelastic the demand curve,the _____ equilibrium output will fall and the _____ will be the deadweight loss when the government imposes an excise tax.

• A)more;smaller
• B)more;larger
• C)less;smaller
• D)less;larger

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