Advocates of small government complain that two proposed government programs will steal the market from small businesses:
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Advocates of small government complain that two proposed government programs will steal the market from small businesses: One program will foster a major increase in the government production of bread; the second will increase the government production of manicures. If the demand for bread is highly inelastic, and the demand for manicures is highly elastic, which program should worry small-government proponents the most? Explain your answer with a diagram
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Related Book For
Microeconomics
ISBN: 978-1464187025
2nd edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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