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Author Question: Suppose that in a market, supply is perfectly elastic while demand is perfectly inelastic. If the ... (Read 99 times)

codyclark

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on: May 24, 2019
Suppose that in a market, supply is perfectly elastic while demand is perfectly inelastic.  If the government imposes a tax of $10 per unit,
◦ the price buyers pay increases by less than $10 per unit with firms and buyers splitting the tax.
◦ the price buyers pay is unaffected by the tax.
◦ the market quantity is unaffected by the tax.
◦ at the new equilibrium, marginal cost equals marginal benefit and there is no deadweight loss.
◦ both the market quantity is unaffected by the tax and at the new equilibrium, marginal cost equals marginal benefit and there is no deadweight loss are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by codyclark on May 24, 2019

firehawk60

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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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codyclark

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Reply #2 on: May 24, 2019
Thanks


firehawk60

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Reply #3 on: May 24, 2019
Welcome :)


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