If a state decided to place a tax on home heating oil over, Business Economics

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If a state decided to place a tax on home heating oil over

If a state decided to place a tax on home heating oil, over time:

a) demand would become less elastic and tax revenue would decline.

b) demand would become more elastic and tax revenue would decline.

c) demand would become less elastic and tax revenue would increase.

d) demand would become more elastic and tax revenue would increase.

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