Calculate the percentage of the tax borne by the demander and supplier in each of the following
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Calculate the percentage of the tax borne by the demander and supplier in each of the following cases: (LO7-2)
a. ED = 0.3, ES = 1.2
b. ED = 3, ES = 2
c. ED = 0.5, ES = 1
d. ED = 0.5, ES = 0.5
e. Summarize your findings regarding relative elasticity and tax burden.
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Related Book For 
Introduction To Information Systems
ISBN: 9781118674369
5th Edition
Authors: R. Kelly Rainer, Brad Prince, Casey G. Cegielski
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