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madeline4 madeline4
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3 years ago
If the government institutes a specific tax for a good,

▸ the producer simply passes the entire tax on to the consumer.

▸ the producer must absorb the entire tax.

▸ the producer can generally only pass part of the tax onto the consumer.

▸ the equilibrium price drops.
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Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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czstoneczstone
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3 years ago
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madeline4 Author
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3 years ago
Thanks
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You make an excellent tutor!
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