6.8 Use calculus to show that an increase in a specific sales tax reduces quantity less...

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6.8 Use calculus to show that an increase in a specific sales tax  reduces quantity less and tax revenue more, the less elastic the demand curve. (Hint: The quantity demanded depends on its price, which in turn depends on the specific tax, Q(p()), and tax revenue is R = p()Q(p()).) M 79 7. Quantity Supplied need not equal Quantity Demanded

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Microeconomics With Calculus

ISBN: 9780273789987

3rd Global Edition

Authors: Jeffrey M. Perloff

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