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A city tax is imposed on the market for football tickets. The larger the elasticity of demand, the ___________________ is the burden to ticket consumers
A city tax is imposed on the market for football tickets. The larger the elasticity of demand, the ___________________ is the burden to ticket consumers and the _________________ is city government tax revenue.
a. Smaller ; smaller b. Smaller ; larger c. Larger ; larger d. Larger ; smaller
How can i know whether the question asks elastic or inelastic? and less elastic mean inelastic? and less inelastic mean elastic?
Thank you for helping me!
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