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Taxes or cost increases are not always paid where they are laid. how to use examples to explain the concept of the incidence of a tax or extra cost burden.

Explain some reasons why consumption spending and gross private domestic investment spending are so ...

What is the difference between marginal product and marginal cost?

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consider an economy in which the demand for money is of the formY / (1 + it)for t = 0, 1, 2, · · · ,...

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Explain on the impact of a drop in the discount rate on the supply of money in the market

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Question 3 Suppose that the cost function of a firm is C(q)=4q. Suppose that this is the only firm i...

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a.

...

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Some bank has assets totaling $1B. This bank has $25M in capital, and earned $10M last year. What is...

Yes, it is true that taxes are not always paid where they are laid as the burden of tax depends on the price elasticity of demand and supply.

There are two cases when the demand is perfectly elastic and when the demand is perfectly inelastic.&nbsp;In the first case where the demand is perfectly elastic, an imposition of tax shifts the supply curve to the left and there is no change in the equilibrium price. So, the entire tax burden is born by the sellers.In the second case, the demand is perfectly inelastic i.e. buyers will demand the same quantity irrespective of the price. A tax imposed by the government shifts the supply curve upwards and the equilibrium price rises by the same amount. So, the tax burden is borned by the buyers.

There are two cases: The first case shows the perfectly elastic supply and the second case shows the perfectly inelastic supply. In the first case, the supply curve moves from S to S' due to the imposition of tax by th...

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Taxes or cost increases are not always paid where they are laid. how to use examples to explain the concept of the incidence of a tax or extra cost burden.

Taxes or cost increases are not always paid where they are laid. how to use examples to explain the concept of the incidence of a tax or extra cost burden.

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