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Suppose our federal government wants to enact a tax that will cause a greater burden of expense to consumers purchasing that good, than the burden
Suppose our federal government wants to enact a tax that will cause a greater burden of expense to consumers purchasing that good, than the burden of expense to firms producing that good. Which would be optimal? Question 7Select one: a. a good with a relatively elastic demand, and relatively inelastic supply b. a good with a relatively inelastic demand, and relatively elastic supply c. both of the above d. neither of the above
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