What is the effect of a $1 specific tax on equilibrium price and quantity if supply is

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What is the effect of a $1 specific tax on equilibrium price and quantity if supply is perfectly inelastic? What is the incidence on consumers? Explain.

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 06:14 AM

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What is the effect of a $1 specific tax on equilibrium price and quantity if demand is perfectly elastic? What is the incidence on consumers? Explain.
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What is the effect of a $1 specific tax on equilibrium price and quantity if supply is

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When supply is perfectly inelastic the supply ...View the full answer

Microeconomics

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