Will the increase in price from the tax be larger or smaller in the long run? (Hint:
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Will the increase in price from the tax be larger or smaller in the long run? (Hint: How is the price elasticity of supply in the long run usually related to the price elasticity of supply in the short run?)
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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