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If a $200 Tax Per Dose of Insulin Raises the Price Paid

Question 224

Multiple Choice

If a $2.00 tax per dose of insulin raises the price paid by the buyers by $2.00,then the demand for insulin is perfectly ________ and the buyers pay ________ the tax.


A) inelastic; all
B) inelastic; some of
C) inelastic; none of
D) elastic; all
E) elastic; none of

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