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iloveyofacexx3 iloveyofacexx3
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5 years ago

For a given supply curve, how does the elasticity of demand affect the burden of a tax imposed on a product?



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The excess burden of the tax will be greater when the demand is more elastic than when it is less elastic.



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The excess burden of the tax will be greater when the demand is less elastic than when it is more elastic.



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The excess burden of the tax will be minimized when the demand is unit elastic.



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The excess burden of the tax will be greater when the elasticity of supply is greater than the elasticity of demand.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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Matt. D.Matt. D.
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5 years ago
Brilliant
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