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pirex pirex
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Posts: 634
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6 years ago
Suppose the demand curve for a good is downward sloping and the supply curve is upward sloping. At the market equilibrium, if demand is more elastic than supply in absolute value, a $1 specific tax will
A) raise the price to consumers by 50 cents.
B) raise the price to consumers by less than 50 cents.
C) raise the price to consumers by more than 50 cents.
D) raise the price to consumers by $1.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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6 years ago
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pirex Author
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6 years ago
this is exactly what I needed
SupremeDJ
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Yesterday
Correct Slight Smile TY
vernonb
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Helped a lot
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