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How do the elasticities (elastic and inelastic) of supply and demand affect the deadweight loss of a tax? Why do they have this effect?Make sure
How do the elasticities (elastic and inelastic) of supply and demand affect the deadweight loss of a tax?Why do they have this effect?Make sure you do both elastic and inelastic and supply and demand - so 4 different combinations.Don't just say they are large or small.You need to explain why.(4 points)
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