38. Assume linear downward-sloping demand curve(s) and linear upward-sloping supply curve(s) and positive price-quantity pair at initial equilibrium, how many of the following statements about price elasticities is(are) correct? (i) For the same amount of tax per unit imposed, deadweight loss is smaller when the demand and/or supply is less price elastic. (ii) If the government imposes a tax of 1 dollar for each gallon of gasoline, at equilibrium, the price of gasoline received by the sellers decreases. (iii) When a per-unit tax is imposed, the decrease in total economic surplus received by consumers and producers is always less than the increase in tax revenue received by the government. (iv) Consider a per-unit subsidy, if sellers are more price elastic than buyers, buyers will receive more of the benefit of the subsidy. A) 0 B) 1 C) 2 D) E) 4 [ Answer38 ]