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Author Question: At harvest time the supply of wheat is perfectly inelastic. If the government taxes wheat at $1 a bushel, then (Read 203 times)

K@

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on: May 24, 2019


At harvest time the supply of wheat is perfectly inelastic. If the government taxes wheat at $1 a bushel, then
◦ the seller pays the entire tax.
◦ the buyer pays the entire tax.
◦ the seller and the buyer split the tax evenly.
◦ the seller and the buyer split the tax but the seller pays more.
◦ no one pays the tax because the wheat must be harvested or it will go to waste.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by K@ on May 24, 2019

Jossy

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Reply #1 on: May 24, 2019
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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K@

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

Dinolord

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Reply 3 on: Yesterday
Excellent

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