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In a perfect competition market with the current price being $125.00, quantity is10,000/unit, excise tax $6.00, and the price elasticity of demand is -2.5. How
In a perfect competition market with the current price being $125.00, quantity is10,000/unit, excise tax $6.00, and the price elasticity of demand is -2.5. How do you find the price with tax in place when the price elasticity of supply is perfectly elastic (horizontal supply curve)?
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