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Author Question: The figure shows the market for mattresses. If the government imposes a tax on mattresses, the ... (Read 1016 times)

notis

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on: May 24, 2019



The figure shows the market for mattresses.  If the government imposes a tax on mattresses, the figure shows that
◦ firms will pay more of the tax because they have less elastic supply.
◦ firms and buyers will bear equal tax burdens.
◦ buyers will pay most of the tax because they have less elastic demand.
◦ the excess burden of the tax falls mainly on firms.
◦ inefficiency does not occur because buyers and sellers split the tax.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by notis on May 24, 2019

SVictor

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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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notis

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

kusterl

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Reply 3 on: Yesterday
Excellent

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