Use math to show that, as the supply curve at the equilibrium becomes nearly perfectly elastic, the

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Use math to show that, as the supply curve at the equilibrium becomes nearly perfectly elastic, the entire incidence of the tax falls on consumers.

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 06:13 AM

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Use math to show that, as the supply curve at the equilibrium becomes nearly perfectly elastic, the

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By dividing both the numerator and the d...View the full answer

Microeconomics

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