After economics class one day, your friend suggests that taxing food would be a good way to raise revenue because the demand for food is quite inelastic. true or false: a tax on food leads to relatively little deadweight loss because people are not very sensitive to the price in this market.

Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.