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The market for restaurant meals is estimated to have an elasticity of demand, lɛpl, of 2.3, and an elasticity of supply,
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The market for restaurant meals is estimated to have an elasticity of demand, lɛpl, of 2.3, and an elasticity of supply,
The market for restaurant meals is estimated to have an elasticity of demand, lɛpl, of 2.3, and an elasticity of supply, εs, of 1.5. A tax on consumption in this market would result in... O A. Producers bearing the greater burden/incidence. B. Not enough information to determine. C. No deadweight loss. D. Consumers bearing the greater burden/incidence. E. Consumers and producers equally sharing the burden/incidence.