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Hi, I hope you are doing great. I need the answer to this question, please. It is over microeconomics I hope you can help me.

Hi, I hope you are doing great. I need the answer to this question, please. It is over microeconomics I hope you can help me. Thank you so much.

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The state needs to raise money, and the governor has a choice of imposing an excise tax of the same amount on one of two previously untaxed goods: restaurant meals or gasoline. Both the demand for and the supplyr of restaurant meals are more elastic than the demand for and the supply of gasoline. If the governor wants to minimize the deadweight loss caused by the tax, which good should be taxed, and why? O Tax restaurant meals, because the deadweight loss will be higher than the deadweight loss from a gasoline tax 0 Tax restaurant meals, because the deadweight loss will be lower than the deadweight loss from a gasoline tax 0 Tax gasoline, because the deadweight loss will he higher than the deadweight loss from a restaurant tax O Tax gasoline, because the deadweight loss will he lower than the deadweight loss from a restaurant tax

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