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Author Question: The figure shows a market with perfectly inelastic demand. As a result of a tax imposed by the government (Read 203 times)

wrbasek0

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on: May 24, 2019



The figure shows a market with perfectly inelastic demand. As a result of a tax imposed by the government
◦ the price buyers pay increases by $1 and the equilibrium falls to 900 units.
◦ sellers bear all of the tax and there is a deadweight loss of area ACD.
◦ sellers bear all of the tax and there is no deadweight loss.
◦ buyers bear all of the tax and there is a deadweight loss of area ABC.
◦ buyers bear all of the tax and there is no deadweight loss.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by wrbasek0 on May 24, 2019

matt

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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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wrbasek0

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

T4T

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

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