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A tax has been levied on a product. The more price inelastic the demand for that product is: A. the greater is the revenue that
A tax has been levied on a product. The more price inelastic the demand for that product is: A. the greater is the revenue that is raised by the tax. B. the smaller is the proportion of the tax borne by consumers. C. the more likely it is that the tax is borne equally by consumers and sellers. D. the lower is the revenue that is raised by the tax. E. the less likely it is that the tax will be reflected in a change in price rather than a change in quantity
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