Evidence shows that governments usually impose the same import duties on the import of similar goods even if the goods fall under different product categories.

Which of the following describes a situation in which demand must be inelastic?

a. Total revenue decreases by 10 percent when the price of jeans rises by 10 percent. b. Total revenue decreases by less than 10 percent when the price of jeans rises by 10 percent. c. Total revenue increases by more than 10 percent when the price of jeans rises by 10 percent. d. Total revenue decreases by $10 when the price of jeans rises by $10. e. Total revenue decreases by more than $10 when the price of jeans rises by $10.

What are the two important programs in practice in America that strongly resemble a negative income tax?

What will be an ideal response?