Question
Suppose instead that Demand was perfectly inelastic and the market still cleared, absent any tax, at $0.90 and 2000. To raise the same amount of
Suppose instead that Demand was perfectly inelastic and the market still cleared, absent any tax, at $0.90 and 2000.
To raise the same amount of tax revenue, what must the tax be?
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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
