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If the government wants to raise tax revenue and shift most of the tax burden to the sellers it would impose a tax on a good with a a) steep (inelastic)demand curve and a flat (elastic)supply curve
If the government wants to raise tax revenue and shift most of the tax burden to the sellers it would impose a tax on a good with a
a) steep (inelastic)demand curve and a flat (elastic)supply curve.
b) flat(elastic) demand curve and a flat (elastic) supply curve
c) steep (inelastic) demand curve and steep (inelastic) demand curve
d) flat (elastic) demand curve and steep (inelastic) supply curve.
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