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Economics

Please rank the follow curves as to how they would contribute to deadweight loss if a good that had this elasticity was taxed. Assume the supply curve has elasticity equal to 1.

Most deadweight loss

Least deadweight loss

1. a demand curve with price elasticity of demand equal to 100

2. a demand curve with price elasticity of demand equal to 0.4

3. a demand curve that is perfectly inelastic

4. a demand curve that is unit elastic

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