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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 160 times)

Ethanolson3

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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 P4, the excess burden of the tax is


◦ the area P1CP4.
◦ the area P1Cq10.
◦ the area BFC.
◦ the area P3AP4.
◦ impossible to calculate from the given information.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Ethanolson3 on Oct 12, 2022

gyvette

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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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Ethanolson3

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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