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Author Question: Only in the case of perfectly inelastic demand will consumers pay the full amount of a specific tax ... (Read 55 times)

crazycityslicker

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on: Jul 1, 2018
Only in the case of perfectly inelastic demand will consumers pay the full amount of a specific tax or ad valorem tax.
 
  Indicate whether the statement is true or false

Question 2

Suppose that an ad valorem tax of 10 is imposed on producers of butter. The bread market supply is Qs = 10 + P and the bread market demand is Qd = 220-P. What is the producers' tax burden?
 
  A) Producers' tax burden is 8.
  B) Producers' tax burden is 10
  C) Producers' tax burden is 4.
  D) Producers' tax burden is 5.
Microeconomics ¦ Perloff ¦ 8th Edition
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ngr69

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply 2 on: Jul 1, 2018
Wow, this really help

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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