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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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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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LBCeaLBCea
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#1
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6 years ago
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pirex Author
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6 years ago
Thank you, thank you, thank you!
byehoe
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Yesterday
this is exactly what I needed
veronee_madison
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2 hours ago
This site is awesome
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