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A junk-food tax would generate a public outcry because it is unfair by of fairness. How much tax revenue would be collected is determined by

A junk-food tax would generate a public outcry because it is unfair by of fairness. How much tax revenue would be collected is determined by

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A junk-food tax would generate a public outcry because it is unfair by of fairness. How much tax revenue would be collected is determined by A. the rules view but not the results view; the elasticity of demand for junk food and the elasticity of supply of junk food B. both the results view and the rules view; the elasticity of demand for junk food and the elasticity of supply of junk food OC. both the results view and the rules view; the elasticity of demand for junk food but not the elasticity of supply of junk food
Transcribed Image Text:A junk-food tax would generate a public outcry because it is unfair by of fairness. How much tax revenue would be collected is determined by A. the rules view but not the results view; the elasticity of demand for junk food and the elasticity of supply of junk food B. both the results view and the rules view; the elasticity of demand for junk food and the elasticity of supply of junk food OC. both the results view and the rules view; the elasticity of demand for junk food but not the elasticity of supply of junk food
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