25. Answer the following tax related questions. a. Consider a (per unit) tax on two different goods, X and Y. Good X has very elastic demand, while good Y has very inelastic demand. Assume the supply curve for each good is the same. If the government wants to minimize deadweight loss, which good should they tax? Answer the question and briefly explain.

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Q: The government is considering levying a tax of $60 per unit on suppliers of either concert tickets…

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Q: rice ride) $7.50 S 7.00 6.50 6.00 5.50 E 5.00 4.50 4.00 3.50 3.00 2.50 2.00 9 10 11 12 13 14 1 6 7…

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