If assets are relatively _____, and uncertainty is _____, transactions usually take place in markets

A lower price elasticity of demand coefficient occurs when:

a. many substitutes exist. b. the quantity demanded is more responsive. c. few substitutes exist. d. the market is broadly defined.

If tax revenues from a tax on fried foods are used to pay for healthcare expenses related to cardio-vascular diseases, the fried foods tax could be justified using the __________

Fill in the blank(s) with correct word