Price elasticity of demand for gasoline is estimated to be -0.3 in the short run and -1.2 in the long run. A decrease in taxes on gasoline would: O A. raise tax revenue in both the short run and long run O B. ower tax revenue in both the short run and long run O C. lower tax revenue in the short run but raise tax revenue in the long run O D. raise tax revenue in the short run but lower tax revenue in the long run

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