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supply is less elastic than demand when a market is in equilibrium, then taxing consumers for every unit of a good purchased will ultimately cause the tax burden to fall mostly on

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 25SQ

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