How does a tax imposed on a good with a high price elasticity of demand affect the

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How does a tax imposed on a good with a high price elasticity of demand affect the market equilibrium? Who bears most of the burden of the tax in this instance?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 25, 2024 01:01 AM

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How does a tax imposed on a good with a high price elasticity of demand affect the

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When a tax is imposed on a good with a high price elasticity of demand it tends to have a larger imp...View the full answer

Economics

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