Top Posters
Since Sunday
6
s
3
3
d
3
s
2
c
2
G
2
y
2
t
2
2
k
2
j
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
MrsAngelD MrsAngelD
wrote...
Go to Answer
Posts: 322
Rep: 7 0
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) $2.5 million
D) $1.5 million
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 98 times
1 Reply
Replies
Answer verified by a subject expert
forrestforrest
wrote...
#1
Posts: 266
Rep: 3 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

MrsAngelD Author
wrote...

6 years ago
Just got PERFECT on my quiz
mmmm_dat_userna
wrote...

Yesterday
this is exactly what I needed
alpheratz
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  959 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 203
  
 630
  
 220
Your Opinion
Previous poll results: Should Ph.D.'s be addressed as doctors?