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28 Sep 2019
Suppose the government applies a specific tax to a good where the demand elasticity, epsilon, is negative -1. and the supply elasticity, is l.5 If a specific tax, of $1.50 were placed on the good, what is the price increase that consumers would pay?
The price paid by consumers would increase by_____?
Ā
Suppose the government applies a specific tax to a good where the demand elasticity, epsilon, is negative -1. and the supply elasticity, is l.5 If a specific tax, of $1.50 were placed on the good, what is the price increase that consumers would pay?
The price paid by consumers would increase by_____?
Ā
Chika IlonahLv10
28 Sep 2019
