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1.When the tax rate increased from $3 to $6, tax revenue Increased . This means that - The price effect was larger than the quantity
1.When the tax rate increased from $3 to $6, tax revenue Increased . This means that
- The price effect was larger than the quantity effect
- The price and quantity effects cannot be determined
-The price and quantity effects were equal
2.When the tax rate increased from $6 to $9, tax revenue decreased . This means that(Click to select)
-the quantity effect was larger than the price effect
-the price effect was larger than the quantity effect
-price and quantity effects were equal
-the price and quantity effects cannot be determined.
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