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Tax revenue is likely to fall due to a higher tax rate if the elasticity of demand is 0.2 and the elasticity of supply is

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter6: Demand And Elasticity

Section: Chapter Questions

Problem 3TY

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Tax revenue is likely to fall due to a higher tax
rate if the elasticity of demand is 0.2 and the
elasticity of supply is

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