Business, 14.06.2021 16:00 abigailcayton
Suppose the government imposes a tax on three products with differing demand elasticities. Match the product to the group that will most likely bear the incidence of the tax.
a. the government
b. producers
c. consumers and producers
d. consumers
1. highly inelastic
2. somewhat elastic
3. highly elastic
Answers: 1
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Suppose the government imposes a tax on three products with differing demand elasticities. Match the...
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