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Business, 28.02.2020 04:29 iceecole6570
What is the effect of a $1 specific tax collected from producers on equilibrium price and quantity if demand is perfectly elastic?
Price:
a. increases by $1
b. unchanged
Quantity:
a. decreases
b. unchanged
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Answers: 2
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What is the effect of a $1 specific tax collected from producers on equilibrium price and quantity i...
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