Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Mairoon Mairoon
wrote...
Go to Answer
Posts: 850
Rep: 0 0
6 years ago
Suppose the market for grass seed can be expressed as

Demand: QD = 100 - 2p
Supply: QS = 3p

Price elasticity of supply is constant at 1. If the demand curve is changed to Q = 10 - .2p, price elasticity of demand at any given price is the same as before. Yet, the incidence of a tax falling on consumers will be higher. Why?
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 29 times
1 Reply
Replies
Answer verified by a subject expert
TecShdwTecShdw
wrote...
#1
Posts: 432
Rep: 0 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Mairoon Author
wrote...

6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
amandamraz
wrote...

Yesterday
This helped my grade so much Perfect
husne
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  894 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 204
  
 1005
  
 106
Your Opinion
Previous poll results: Who will win the 2024 president election?