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If a tax is imposed in a market, the deadweight loss will be smallest if there exists an a.elastic supply and elastic demand. b.elastic supply

If a tax is imposed in a market, the deadweight loss will be smallest if there exists an

a.elastic supply and elastic demand.

b.elastic supply and inelastic demand.

c.inelastic supply and elastic demand.

d.inelastic supply and inelastic demand.

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