Suppose the demand for grape jelly is perfectly elastic (because strawberry jelly is a good substitute), while
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Suppose the demand for grape jelly is perfectly elastic (because strawberry jelly is a good substitute), while the supply is unit elastic. A tax on grape jelly would have _________ deadweight losses, and the burden of the tax would fall entirely on the _________ of grape jelly.
a. sizable; consumers
b. sizable; producers
c. no; consumers
d. no; producers
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