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suppose an excise tax of 13 dollars per unit exists on ladders. suppose further that, as time passes, the supply of ladders becomes more price
suppose an excise tax of 13 dollars per unit exists on ladders. suppose further that, as time passes, the supply of ladders becomes more price elastic. over time, everything else held constant, the burden of tax borne by sellers will____User as opposed to a non-price discrminaitng monopolist, an effective price discriminating monopolist produces ____ output and earns ____ economic profit
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