Question

If demand and supply are both very elastic, a decrease in the rate of an excise tax will likely: decrease the amount of revenue collected by the government. leave government revenues unchanged. increase the amount of revenue collected by the government.

Name: if demand and supply are both very elastic a decrease in the rate of an excise tax will likely decrease the amount of revenue collected by the government leave government revenues unchanged 16968
Uploaded: 2021-10-07T05:33:29-08:00
Duration: 4 min 3 s
Channel: Md.Daniyal Arshad
Description: if demand and supply are both very elastic a decrease in the rate of an excise tax will likely decrease the amount of revenue collected by the government leave government revenues unchanged 16968

          If demand and supply are both very elastic, a decrease in the rate of an excise tax will likely:
decrease the amount of revenue collected by the government.
leave government revenues unchanged.
increase the amount of revenue collected by the government.

Added by Matthew L.

Principles of Economics

Gregory Mankiw 8th Edition

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Solved by Expert Md.Daniyal Arshad

10/07/2021

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If demand and supply are both very elastic, a decrease in the rate of an excise tax will likely: decrease the amount of revenue collected by the government. leave government revenues unchanged. increase the amount of revenue collected by the government.