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MrGrimey MrGrimey
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Posts: 336
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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: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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RumkoRumko
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#1
Posts: 279
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6 years ago
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MrGrimey Author
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6 years ago
Thanks
terriroberts96
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Yesterday
this is exactly what I needed
hannahspillett
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2 hours ago
Just got PERFECT on my quiz
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