Question
1 Draw an inelastic (not a perfectly inelastic) demand curve. If a sales tax was added, who would pay the burden of the tax? Consumers
1 Draw an inelastic (not a perfectly inelastic) demand curve. If a sales tax was added, who would pay the burden of the tax? Consumers or Producers? Explain.
2 Draw an elastic (not a perfectly elastic) demand curve. If a sales tax was added, who would pay the burden of the tax now?Consumers or Producers? Why? Explain.
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Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
