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a. Which market has the more elastic supply and demand curves: the market for cola, or the market for all soft drinks? b. To raise

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a. Which market has the more elastic supply and demand curves: the market for cola, or the market for all soft drinks? b. To raise the some $100 million in revenue, which would require a higher rate: a tax on cola, or a tax on all soft drinks? c. Which would cause a larger deadweight loss: a tax on cola, or a tax on all soft drinks? d. Which would be the better tax? Explain

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