(a) Show that taxing buyer or seller is eventually the same thing (b) How elasticity of demand and supply is related with deadweight loss (c) Why are the reasons of market failure (d) Explain the principle 'a rational person thinks at margin' (a) Show that taxing buyer or seller is eventually the ...

a Consider first a fixed perunit tax such as a 20cent tax on gasoline The tax could either be imposed on the buyer or the supplier It is imposed on the buyer if the buyer pays a price for the good and ...

(a) Show that taxing buyer or seller is eventually the same thing. (b) How elasticity of...

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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(a) Show that taxing buyer or seller is eventually the same thing. (b) How elasticity of...

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