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Title: Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is ... Post by: MrsAngelD on Nov 12, 2017 Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is perfectly price elastic. If 3 million tickets are currently sold at a price of $5, approximately how much tax revenue could the government generate from a $1 specific tax?
A) $18 million B) $3 million C) $2.5 million D) $1.5 million Title: Re: Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is ... Post by: forrest on Nov 12, 2017 Content hidden
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