Suppose that the demand curve for lettuce is perfectly vertical. How will an excise tax on lettuce

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Suppose that the demand curve for lettuce is perfectly vertical. How will an excise tax on lettuce affect the market price?

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 07:13 AM

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Suppose that the demand curve for lettuce is perfectly vertical. How will an excise tax on lettuce

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A sales tax has no effect on the price an excise tax is passed on entirely to the consumer So for ex...View the full answer

Price theory and applications

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