1. The lobby group of French restaurant owners pledged that if the VAT tax on restaurant meals was cut, they would increase _______ and decrease_______.

2. According to the numbers provided by the lobby group of French restaurant owners, the price elasticity of demand for restaurant meals is _______.

3. A study of the mobile phone market suggests that in the long run tax cuts will total tax revenue _______and promote _______.

4. A tax paid in legal terms by producers will be partly shifted forward onto _______and partly shifted backward onto _______.

5. Arrow up or down: As the price elasticity of demand increases, the size of the price increase resulting from a tax _______and the share of the tax borne by consumer’s _______.

6. The demand for coffee is relatively inelastic. Therefore, we would expect_______ to pay a relatively large share of a tax on coffee.