All else the same, in which of the following circumstances would the tax revenue collected by the government be the smallest? both demand and supply
All else the same, in which of the following circumstances would the tax revenue collected by the government be the smallest? both demand and supply are relatively price inelastic. demand is relatively price inelastic and supply is relatively price elastic. ' demand is relatively price elastic and supply is relatively price inelastic. both demand and supply are relatively price elastic
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