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MrsAngelD MrsAngelD
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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:
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forrestforrest
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#1
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6 years ago
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MrsAngelD Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
dri
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Yesterday
Thanks for your help!!
foxrcng11
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2 hours ago
You make an excellent tutor!
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