Question
The price of elasticity of demand is -3 and the price elasticity of supply is 2. In this market, the incidence of a sales
The price of elasticity of demand is -3 and the price elasticity of supply is 2. In this market, the incidence of a sales tax will fall entirely on the buyers. more on the buyers than the sellers. more on the sellers than the buyers. entirely on the sellers.
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
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