(Answered) The following scenarios describe the price elasticity of

Management Studies

The following scenarios describe the price elasticity of supply and demand for salt:

Inelastic demand, elastic supply
Elastic demand, elastic supply
Inelastic demand, inelastic supply
Elastic demand, inelastic supply

All else equal (equilibrium price, equilibrium quantity, and size of the tax), in which scenario will government revenues be the highest?

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