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darkfire12 darkfire12
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A year ago
Consumers will bear a larger burden of an excise tax if

▸ both demand and supply are relatively inelastic.

▸ demand is relatively elastic and supply is relatively inelastic.

▸ both demand and supply are relatively elastic.

▸ demand is relatively inelastic and supply is relatively elastic.

▸ the tax is collected by firms rather than remitted directly to the government by consumers.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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cglotfeltycglotfelty
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A year ago
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darkfire12 Author
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A year ago
Correct Slight Smile TY
big_larry_samp
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Yesterday
Brilliant ツ
elizabetheldrid
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2 hours ago
Good timing, thanks!
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