When demand is relatively elastic, the deadweight loss of a tax is larger than when demand is rela… Show more When demand is relatively elastic, the deadweight loss of a tax is larger than when demand is relatively inelastic.†• Show less
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When demand is relatively elastic, the deadweight loss of a tax is larger than when demand is rela… Show more When demand is relatively elastic, the deadweight loss of a tax is larger than when demand is relatively inelastic.†• Show less