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MrGrimey MrGrimey
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Posts: 336
Rep: 4 0
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:
Read 118 times
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RumkoRumko
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#1
Posts: 279
Rep: 7 0
6 years ago
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MrGrimey Author
wrote...

6 years ago
Good timing, thanks!
husne
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
loki1345
wrote...

2 hours ago
Correct Slight Smile TY
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