If the demand for a good is price inelastic, a tax on it will

a. raise price, raise tax revenue, shift the supply curve to the right
b. lower price, lower tax revenue, shift the supply curve to the right
c. raise price, raise tax revenue, shift the supply curve to the right
d. raise price, raise tax revenue, shift the supply curve to the left
e. lower price, raise tax revenue, shift the demand curve to the left


D

Economics

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Answer the following statement true (T) or false (F)

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Refer to the diagram above. The straight line E drawn through the wavy lines would provide an estimate of the:



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Economics