Scenario 2 Suppose the government imposes the same amount of tax on groceries (a basic need) and meals at fancy restaurants. Assume the elasticity of supply is the same for groceries and restaurant meals. Refer to Scenario 2. Which of the following is correct? O The government collects more tax revenue in groceries. O The government collects more tax revenue in fancy restaurant meals. O The government collects the same amount of tax revenue in groceries and fancy restaurant meals. 0 None of the above QUESTION 20 Scenario 2 Suppose the government imposes the same amount of tax on groceries (a basic need) and meals at fancy restaurants. Assume the elasticity of supply is the same for groceries and restaurant meals. Refer to Scenario 2. Which of the following statement is correct? 0 The deadweight loss is larger in groceries. O The deadweight loss is larger in fancy restaurant meals. 0 The deadweight loss is the same in groceries and in fancy restaurant meals. O None of the above