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Author Question: FIGURE 18-3Refer to Figure 18-3. Suppose that supply is perfectly elastic and the price of this good ... (Read 61 times)

ega16

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on: Oct 12, 2022




FIGURE 18-3

Refer to Figure 18-3. Suppose that supply is perfectly elastic and the price of this good is initially in equilibrium at P1. If an excise tax raises the price from P1 to P2, the direct burden of the tax is


◦ the area BFC.
◦ the area P1CBP4.
◦ the area DEFB.
◦ the area P1FBP2.
◦ zero.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ega16 on Oct 12, 2022

ALuthy

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Reply #1 on: Oct 12, 2022
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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ega16

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

billybob123

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

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