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Question 2 4 ( 4 points ) If the demand for a good is perfectly inelastic but the supply of the good is elastic, what
Question pointsIf the demand for a good is perfectly inelastic but the supply of the good is elastic, what happens if a $ tax is placed on the good? The quantity of this good sold will decrease. None of the above are true. The price will increase by $ The burden of the tax will be placed on both the sellers and the buyers. The price will decrease by $
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