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Deadweight losses arising from an excise tax are greatest when demand: A.and supply are relatively elastic.B.is relatively elastic and supply is relatively inelastic.C.is relatively inelastic

Deadweight losses arising from an excise tax are greatest when demand:

A.and supply are relatively elastic.B.is relatively elastic and supply is relatively inelastic.C.is relatively inelastic and supply is relatively elasticD.and supply are relatively inelastic.

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