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Question 29 (1 point) In order for supply management to increase net returns to producers, Demand for the product must be inelastic. Demand for the

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Question 29 (1 point) In order for supply management to increase net returns to producers, Demand for the product must be inelastic. Demand for the product must be elastic. Supply for the product must be inelastic. Supply for the product must be elastic. Question 30 (1 point) The incidence of a tax falls mainly on consumers if Demand for the product is relatively inelastic. Demand for the product is relatively elastic. Supply for the product is relatively inelastic. B or C

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