Suppose the government applies a specific tax to a good where the demand elasticity, e, is -1.4, and the supply elasticity, n, is 1.2.this good would not be an ideal good for the government to tax since demand is: a. inelastic and would raise much revenueb. elastic and would raise much revenuec. inelastic and would not raise much revenued. elastic and would not raise much revenuewhat is the tax incidence on consumers? $?

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.