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please help I am unsure on how to do these problems Suppose the supply of shaved ice is more elastic with respect to price in
please help I am unsure on how to do these problems
Suppose the supply of shaved ice is more elastic with respect to price in the long run than in the short run. All else equal we should expect that a tax on shaved ice C) falls to the same degree on buyers in the short run as in the long run. C) falls more on sellers in the short run than in the long run. C) falls more on buyers in the short run than in the long run. C) falls equally on buyers and sellers in the short run and in the long run. C) falls equally on buyers and sellers in the short run but not the long run. Question 6 (1 point) Estimates of long-run elasticity of labor demand are around -1. Estimates of labor supply are very inelastic. Assume the elasticity of labor supply is 0.1. What percent of a payroll tax would you expect employers to pay? C) It depends on whether the government charges the tax to employers or workers. C) 50% under the current arrangement where the government assesses half the tax on employers and half on workers.
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