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retail sales tax elasticity for California is 0.8. Which of the following would be accurate A. A 10% increase in state GDP will lead to

retail sales tax elasticity for California is 0.8. Which of the following would be accurate

A. A 10% increase in state GDP will lead to a 8% increase in retail sales tax revenue.

B. California'ssales tax is elastic.

C. California state sales tax is buoyant

D. none of the above

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