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What is the effect on tax revenue if the government increases the excise tax on a product that has an inelastic demand? O a. The

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What is the effect on tax revenue if the government increases the excise tax on a product that has an inelastic demand? O a. The price of the product will rise but the quantity traded will remain unchanged. O b. The price of the product will rise and the quantity traded will rise. O c. Tax revenue will rise. O d. Tax revenue will fall

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