If the supply curve is perfectly elastic and the demand curve is downward sloping, what is the

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If the supply curve is perfectly elastic and the demand curve is downward sloping, what is the effect of a $\$ 1$ specific tax collected from producers on equilibrium price and quantity, and what is the incidence on consumers? Why?

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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Question Posted: Mar 15, 2024 04:00 AM

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If the supply curve is perfectly elastic and the demand curve is downward sloping, what is the

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i Determine the equilibrium in the absence of a tax Before the tax the perfectly elastic supply curv...View the full answer

Microeconomics

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