Title: Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than ...
Post by: mdagenh1 on Mar 2, 2019
Figure 18-2
Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the consumer's burden of the tax
• is Pa - Pc under either supply curve.
• is Pb - Pc under either supply curve.
• is Pa - Pc if the supply curve is S0 and Pb - Pc if the supply curve is S1.
• is Pa - Pd if the supply curve is S0 and Pb - Pe if the supply curve is S1.
Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other.
Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the consumer's burden of the tax
• is Pa - Pc under either supply curve.
• is Pb - Pc under either supply curve.
• is Pa - Pc if the supply curve is S0 and Pb - Pc if the supply curve is S1.
• is Pa - Pd if the supply curve is S0 and Pb - Pe if the supply curve is S1.
Title: -2Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than ...
Post by: jeromet1 on Mar 2, 2019
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Title: -2Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than ...
Post by: mdagenh1 on Mar 2, 2019
Thanks