If the demand for picture frames is highly inelastic, and supply for picture frames is highly
elastic, a tax of Rs.20 per frame levied on the picture frame will decrease the effective price
received by the sellers of the picture frames by
a. Rs.20
b. Between Rs. 10 and Rs. 20
C. Rs.10
d. Less than Rs.10
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paisa paisa karti hai tu paisa pe kyu marti hai
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