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Suppose the supply of housing construction is infinetly elastic at a price of $150 per square foot.Currently 1million share feet are built per month.If the

Suppose the supply of housing construction is infinetly elastic at a price of $150 per square foot.Currently 1million share feet are built per month.If the price elasticity of demand for housing is (-1),calculate the monthly excess burden n of a 10 percent tax on housing construction. What is the monthly excess burden if the tax is 20 percent? Who will bear the incidence of the tax

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