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pirex pirex
wrote...
Posts: 634
6 years ago
Suppose the demand curve for movie tickets has unitary price elasticity and the supply curve is perfectly price elastic. If 3 million tickets are currently sold at a price of $5, approximately how much tax revenue could the government generate from a $1 specific tax?
A) $18 million
B) $3 million
C) $2.7 million
D) $1.5 million
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 70 times
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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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6 years ago
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