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The following scenarios describe the price elasticity of supply and demand for a particular good: Inelastic demand, elastic supply Elastic demand, elastic supply Inelastic

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The following scenarios describe the price elasticity of supply and demand for a particular good: Inelastic demand, elastic supply Elastic demand, elastic supply Inelastic demand, inelastic supply Elastic demand, inelastic supply All else equal (equilibrium price, equilibrium quantity, and size of the tax), in which scenario will government revenues be the highest? Elastic demand, elastic supply

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