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mdagenh1 mdagenh1
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5 years ago Edited: 5 years ago, bio_man
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.
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Microeconomics

Microeconomics


Edition: 7th
Authors:
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jeromet1jeromet1
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mdagenh1 Author
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5 years ago
Thanks
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