2. Economics
3. you produce coco cola beverages you estimate that the price...

# Question: you produce coco cola beverages you estimate that the price...

###### Question details

You produce Coco cola beverages. You estimate that the price elasticity of demand for your product is 2.7 (in absolute value). Coco cola currently sells for $2.50 per 20-ounce can. Some legislators are considering placing a$1.00 per can tax on your product.(the answer should be a few words)

1-The DWL will be relatively

2-Tax revenue will be relatively

3-Given the price elasticity of demand, your burden of the tax is likely to be relatively