Question 4 A government is considering reducing the amount of taxes it collects from its citizens each year. Which of the following is the best argument against the tax reduction? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a The government might have a smaller role in the economy. b The government will likely have to produce fewer goods and services with the reduced revenue. C Citizens will not be able to purchase as many goods and services as they could previously. d People do not generally like taxes. Question 5 Each week, Bill spends exactly $20 on coffee, regardless of the price of each cup. Bill's price elasticity of demand for coffee is what? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b 1 C greater than 1 d "less than 1 but greater than 0