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Business, 09.02.2022 21:30 jia699

Suppose that the coefficient of elasticity of demand is -0.5 and the coefficient of supply is 1.5. If a specific tax of $10 is imposed on a producer of a product, then the consumer will end up paying of the $10 tax

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Suppose that the coefficient of elasticity of demand is -0.5 and the coefficient of supply is 1.5. I...
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