Peanut butter has an upward-sloping supply?curve and a downward-sloping demand curve. if?a?10?cent per pound tax is increased to 15 cents,?the?government’s tax revenue
Aincreases by less than 50 percent and may even?decline.
Bincreases by exactly 50 percent.
Cincreases by more than 50 percent.
Dthe answer depends on whether supply or?demand is more elastic.