Calculate the percentage of the tax borne by the demander and supplier in each of the following
Question:
Calculate the percentage of the tax borne by the demander and supplier in each of the following cases:
a. ED = 0.3, ES = 1.2
b. ED = 3, ES = 2
c. ED = 0.5, ES = 1
d. ED = 0.5, ES = 0.5
e. Summarize your findings regarding relative elasticity and tax burden.
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SOLUTION a ED 03 ES 12 Tax burden borne by demander EDED ES 0303 12 02 20 ...View the full answer
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