12. Why is the relative size of crowding out inefficiencies dependent only on the elasticity of demand

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12. Why is the relative size of crowding out inefficiencies dependent only on the elasticity of demand and not on the elasticity of supply?

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Microeconomics

ISBN: 9780716759751

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Oct 16, 2024 01:00 AM

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12. Why is the relative size of crowding out inefficiencies dependent only on the elasticity of demand and not on the elasticity of supply?
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12. Why is the relative size of crowding out inefficiencies dependent only on the elasticity of demand

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Microeconomics

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