tax question

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tax question

tanudas
A tax imposition of 4% on a good which has a price elasticity of demand equal to “-1.25” would lead to:
A. A rise in the price of good by 4%.
B. A rise in the price of good by 5%.
C. A rise in the price of good by less than 4%.
D. A rise in the price of good by 5.25%.