Tax is most likely to increase tax revenue in a market

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Reference no: EM13691056

A decrease in the size of a tax is most likely to increase tax revenue in a market with

a) Elastic demand and elastic supply.

b) Elastic demand and inelastic supply.

c) Inelastic demand and elastic supply.

d) Inelastic demand and inelastic supply.

Reference no: EM13691056

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