Explains it correctly Q)Elasticity of demand and supply is both 1.23. Will the consumers pay more tax or not?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 13RQ: Describe the general appearance of a demand or a supply tune with zero elasticity.
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Q)Elasticity of demand and supply is both 1.23. Will the consumers pay more tax or not?

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