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This is for ECON-251 Chapter 6 Market: Pricing Ceiling, Floors, Taxes and Subsidies. Basic multiple choice questions that I know as more elastic the supply
This is for ECON-251 Chapter 6 Market: Pricing Ceiling, Floors, Taxes and Subsidies. Basic multiple choice questions that I know as more elastic the supply curve of the good the burden deeper between seller and buyers are that buyers will need to pay most of them. So I want to know is the answer c of " the larger increase in the after- tax price" ? That I need a confirmation.
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