|
Title: For a given supply curve, how does the elasticity of demand affect the burden of a tax imposed on a product? Post by: iloveyofacexx3 on Oct 10, 2019 For a given supply curve, how does the elasticity of demand affect the burden of a tax imposed on a product? ▸ The excess burden of the tax will be greater when the demand is more elastic than when it is less elastic. ▸ The excess burden of the tax will be greater when the demand is less elastic than when it is more elastic. ▸ The excess burden of the tax will be minimized when the demand is unit elastic. ▸ The excess burden of the tax will be greater when the elasticity of supply is greater than the elasticity of demand. Title: For a given supply curve, how does the elasticity of demand affect the burden of a tax imposed on a product? Post by: Matt. DeSouza on Oct 10, 2019 Content hidden
Title: For a given supply curve, how does the elasticity of demand affect the burden of a tax imposed on a product? Post by: iloveyofacexx3 on Oct 10, 2019 Brilliant
|