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trancy trancy
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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 producer's burden of the tax

• is Pa - Pd under either supply curve.

• is Pb - Pe under either supply curve.

• is Pa - Pd if the supply curve is S0 and Pb - Pe if the supply curve is S1.

• is Pc - Pd if the supply curve is S0 and Pc - Pe if the supply curve is S1.
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Microeconomics

Microeconomics


Edition: 7th
Authors:
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jrhome1985!jrhome1985!
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