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Revenue as possible with a sales tax

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Reference no: EM132328965

If a government wants to raise as much revenue as possible with a sales tax, it should target a market with:

A. high price elasticity of demand and high price elasticity of supply

B. low price elasticity of demand and high price elasticity of supply

C. high price elasticity of demand and low price elasticity of supply

D. low price elasticity of demand and low price elasticity of supply

Reference no: EM132328965

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