45. Which of the following statements is (are) CORRECT? A) An economically efficient market does not guarantee equity B) Taxation cannot improve equity unless there are externalities C) Whether a market is economically efficient is subjective, while whether a market reflects equity is objective D) All of the answers are correct 46. A good is more likely to have an inelastic demand A) If the consumers can easily find close substitute goods B) If the good takes up a very small portion of the consumers' income