liyahsmith1997 liyahsmith1997
  • 26-10-2022
  • Business
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As part of an anti-obesity program, the government levies an excise tax on high-fat foods. We would expect consumers to pay almost all of this tax if
a. Both demand and supply are very inelastic.
b. Both demand and supply are very elastic.
c. Demand is very elastic and supply is very inelastic.
d. Demand is very inelastic and supply is very elastic.

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