If demand and supply are both very elastic,a decrease in the rate of an excise tax will likely:

Name: If demand and supply are both very elastic,a decrease in the rate of an excise tax will likely:
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When demand and supply are both very elastic, a decrease in the rate of an excise tax can lead to a significant increase in the quantity bought and sold. This increase in quantity can offset the lower tax rate, leading to an increase in government revenue.

If Demand and Supply Are Both Very Elastic,a Decrease in the Rate