Question: If the inverse demand function is p = a - bQ and the inverse supply function is p = c + dQ, show that the
If the inverse demand function is p = a - bQ and the inverse supply function is p = c + dQ, show that the incidence of a specific tax of t per unit falling on consumers is b/(b + d) = η/(η - ε ).
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The inverse of the slope of the supply curve is qp 1d and the inverse of ... View full answer
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