If a policymaker wants to raise revenue by taxing goods while minimizing the deadweight losses, he should look for goods with _______ elasticities of demand and _______ elasticities of supply. a. small, small b. small, large c. large, small d. large, large
Principles of Microeconomics
Principles of Microeconomics
If a policymaker wants to raise revenue by taxing goods while minimizing the deadweight losses, he should look for goods with _______ elasticities of demand and _______ elasticities of supply.
a. small, small
b. small, large
c. large, small
d. large, large
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