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Answer the following questions using your knowledge from the units and information from the podcast. Is demand for gas more inelastic or elastic according to
Answer the following questions using your knowledge from the units and information from the podcast.
- Is demand for gas more inelastic or elastic according to the podcast?
- Is supply of gas more inelastic or elastic according to the podcast?
- According to the podcast, consumers have traditionally taken on most of the gas tax burden when taxes have been increased. Use tax incidence to explain this.
- According to the podcast, why might consumers benefit if the gas tax is reduced? Use tax incidence to explain
www.npr.org/transcripts/1109906572
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Commercial Fishing On The Outer Banks
Authors: R Wayne Gray, Nancy Beach Gray
1st Edition
1439667055, 9781439667057
