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Home Q & A Board Other Fields Homework Help Business Economics
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Llanis Llanis
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6 years ago
Suppose the supply curve and the demand curve both have unitary elasticity at all prices. The price increase to consumers resulting from a specific tax of $1 imposed on sellers will be
A) $1.
B) 50 cents.
C) zero.
D) impossible to calculate without knowing the slope of the supply curve.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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6 years ago
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Llanis Author
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6 years ago
Good timing, thanks!
Harvinder
wrote...

Yesterday
Thank you, thank you, thank you!
ofsuahasiufhoas
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2 hours ago
Brilliant ツ
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