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melinoma86 melinoma86
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Posts: 386
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4 years ago
If demand is elastic, and the government decides to raise the tax on new cars. Then the price for cars will increase by a ________ amount and car buyers will bear a ________ share of the tax.

▸ large; small

▸ small; small

▸ large; large

▸ small; large
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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kiyomikakiyomika
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Posts: 409
4 years ago
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