If both supply curves and demand curves are more elastic in the long run than in the

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If both supply curves and demand curves are more elastic in the long run than in the short run, how does the incidence of a tax change from the short run to the long run as a result? What happens to the revenue raised from a given tax over time, ceteris paribus?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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